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Saturn Metals Limited (ASX:STN)

ALERT: Price-sensitive ASX Announcement for STN
Current share price for STN : $0.520 0.07 (15.56%)+
Announcement
Release
29 Jul 2026 9:56AM
Price at Release
$0.450
Full Release
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Summary
Saturn Metals Limited announced a successful $100 million capital raise through a two-tranche placement to advance its Apollo Hill Gold Project. The placement comprises approximately 250 million shares at $0.40 each, with the first tranche raising $25 million and the second tranche, subject to shareholder approval, expected to raise $75 million. Golden Crane Holdings Limited emerges as a cornerstone investor with a substantial commitment, potentially holding 15% of Saturn. The funds will be used for engineering, procurement, construction readiness, and exploration. Additionally, a Share Purchase Plan aims to raise an extra $5 million from existing shareholders. This capital injection aims to accelerate the Apollo Hill Project towards development and production. The placement received strong backing from Saturn's major shareholders and new investors.
Key Points
  • Two-tranche placement raising $100 million
  • Price per share set at $0.40
  • Golden Crane Holdings Limited is a new major investor
  • Funds to support Apollo Hill Gold Project development
  • Additional Share Purchase Plan targeting $5 million
  • Significant recent developments at Apollo Hill
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.