High-Tech Metals Completes Shortfall Placement to Strengthen Capital Position

Highlights:

• High-Tech Metals Limited (ASX: HTM) successfully raised $1 million (before costs) through its entitlement issue and shortfall placement.
• Placement included 4.17 million new shares at $0.15 each and 2.08 million free attaching options exercisable at $0.25 until January 2026.
• Strong investor support highlights confidence in the company’s strategy and exploration portfolio.

High-Tech Metals Limited (ASX: HTM) has successfully completed the placement of entitlement issue shortfall securities, raising fresh capital to support its growth initiatives. At the time of writing, the company confirmed strong interest from investors, demonstrating continued confidence in its strategy.

Successful Completion of Entitlement Offer

The placement follows the recently closed pro-rata non-renounceable entitlement issue, which entitled eligible shareholders to subscribe for one new share for every 6.926 shares held, along with one free attaching option. Each option is exercisable at $0.25 and expires on 19 January 2026. Through the entitlement offer, the company received valid applications for 2,489,271 new shares and 1,244,624 options, raising approximately $373,391 before costs.

Additional Capital Through Shortfall Placement

High-Tech Metals further bolstered its capital raise by successfully placing the shortfall securities. This brought in an additional $626,609 before costs, resulting in the issue of 4,177,394 new shares at $0.15 each, together with 2,088,697 options. The combined proceeds from both components strengthened the company’s balance sheet, enhancing its ability to fund future projects and deliver shareholder value.

Investor Confidence and Next Steps

The company noted that strong participation from both existing and new investors reflects solid market confidence in its long-term strategy. The funds will provide greater flexibility for ongoing exploration activities, corporate initiatives, and operational requirements. An Appendix 2A has been lodged for the quotation of the shortfall securities, marking the formal completion of the placement process.

Outlook

Management highlighted that the capital raised ensures High-Tech Metals is well-positioned to pursue its strategic priorities. The company continues to focus on advancing its exploration portfolio and unlocking opportunities in the fast-evolving high-tech metals sector.

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