Elementos Secures AU$8.7 Million Minimum Raise to Accelerate Tin Projects
Elementos Limited (ASX: ELT) has secured firm commitments for a minimum AU$8.7 million capital raise, with the potential to reach AU$11.6 million through a placement and pro-rata entitlement offer at AU$0.28 per share. The raise includes a AU$6.0 million unconditional placement, full AU$0.5 million entitlement participation from major shareholder Metals X, and a conditional AU$2.2–2.7 million placement to Metals X subject to shareholder approval.
Combined with its existing cash balance of approximately AU$3.8 million, Elementos expects to hold at least AU$12.5 million to advance key milestones. Funds will support the Oropesa Tin Project toward Final Investment Decision, progress the Iberian Tin Smelter Option, and complete scoping work at the Cleveland Tin–Tungsten Project.
Chairman Andy Greig said the strong support reflects confidence in Elementos’ strategy and the growing importance of new tin supply for electrification, automation and the broader energy transition.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au
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Elementos Secures AU$8.7 Million Minimum Raise to Accelerate Tin Projects
Elementos Limited (ASX: ELT) has secured firm commitments for a minimum AU$8.7 million capital raise, with the potential to reach AU$11.6 million through a placement and pro-rata entitlement offer at AU$0.28 per share. The raise includes a AU$6.0 million unconditional placement, full AU$0.5 million entitlement participation from major shareholder Metals X, and a conditional AU$2.2–2.7 million placement to Metals X subject to shareholder approval.
Combined with its existing cash balance of approximately AU$3.8 million, Elementos expects to hold at least AU$12.5 million to advance key milestones. Funds will support the Oropesa Tin Project toward Final Investment Decision, progress the Iberian Tin Smelter Option, and complete scoping work at the Cleveland Tin–Tungsten Project.
Chairman Andy Greig said the strong support reflects confidence in Elementos’ strategy and the growing importance of new tin supply for electrification, automation and the broader energy transition.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au