Mount Hope Mining Limited ASX:MHM Launches $2.48 million Capital Raise

Highlights:

• Mount Hope Mining Limited (ASX: MHM) has launched a $2.48 million capital raise, including a $1.23 million placement and a $1.25 million Share Purchase Plan (SPP) priced at A$0.20 per share — a 7% discount to its last traded price.
• Funds will accelerate drilling at the Mt Solitary gold system and the 7.5 km Mt Solitary–Mt Solar corridor in the Cobar Basin, targeting both high-grade gold and copper mineralisation.
• The placement was strongly supported and oversubscribed, reflecting investor confidence in Mount Hope’s Cobar Basin strategy and growing exploration momentum across the region.

New Drilling Funds Back Exploration Drive

At the time of writing, Mount Hope Mining Limited (ASX: MHM) has announced a combined equity raise of up to AU$2.48 million, comprising a placement of AU$1.23 million and a Share Purchase Plan (SPP) of up to AU$1.25 million. The placement issue price is AU$0.20 per share—approximately a 7 % discount to the last traded price of AU$0.215.

Why This Matters

The capital raise comes amid strong support from institutional, professional and sophisticated investors. The funds will be used to accelerate drilling at the company’s 100 %-owned Mt Hope Project in the Cobar Basin of New South Wales. Key targets include extensions of the high-grade Mt Solitary gold system and the recognised 7.5 km Mt Solitary–Mt Solar gold corridor, as well as advancing copper targets within the same district.

Strategic Opportunity & Execution

Mount Hope Mining emphasises its position in a region with established infrastructure and a skilled workforce, benefitting from a surge in exploration and merger activity. Managing Director & CEO Fergus Kiley noted the strong backing reflects “growing confidence in … the quality of its Cobar Basin portfolio.”

Next Steps & Outlook

The new shares will be issued under existing placement capacity, with settlement expected around 5 November 2025 and quotation on the ASX around 6 November 2025. The SPP offer opens around 7 November and closes on 21 November. Investors will be keeping an eye on drilling results, resource updates and how effectively the company deploys funds into its exploration pipeline. With the gold corridor and associated copper potential, Mount Hope Mining is positioning itself for the next phase of growth.

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