Macarthur Minerals Launches Renounceable Rights Issue to Raise AU$2 million

Highlights:

• Macarthur Minerals (ASX: MIO) launches renounceable rights issue to raise ~A$2 million
• Eligible shareholders can trade entitlements and receive free attaching options
• Funds to support Lake Giles Iron Project, loan repayments, and operational costs

Shareholders Offered Tradable Rights at Same Terms as Previous Offer

Macarthur Minerals Limited (ASX: MIO) has officially announced a renounceable pro-rata entitlement offer to raise approximately A$1.996 million before costs, according to a Replacement Prospectus lodged with ASIC and ASX on June 13, 2025. This move replaces the previously announced non-renounceable offer made on May 23, 2025, which was cancelled earlier in June.

At the time of writing, eligible shareholders are entitled to subscribe for 1 new share for every 2 shares held, priced at A$0.02 per share. For every 2 new shares, shareholders will also receive 1 free attaching option, exercisable at A$0.03 and expiring two years from issue. Rights are tradable on the ASX, giving shareholders the option to sell or transfer their entitlements during the rights trading period.

Offer Fully Underwritten by Gold Valley Yilgarn

The offer is fully underwritten by Gold Valley Yilgarn Pty Ltd, a mining-focused conglomerate based in Perth. Gold Valley is known for its extensive iron ore development projects in Northern Australia and aims for a 4mtpa export rate by the end of 2025.

Capital Raised to Fund Iron Project and Operations

Assuming full subscription, Macarthur will issue up to 99.8 million new shares and 49.9 million options. The proceeds will be used for working capital, strategic assessment of the Lake Giles Iron Project, and for repaying creditors and loans. Executive Chairman Cameron McCall affirmed all director-shareholders intend to participate in the offer, reflecting strong internal support for the capital raise.

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