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High-Tech Metals Limited Launches Entitlement Offer to Advance Exploration Projects

May 08, 2025

High-Tech Metals Limited (ASX: HTM), an ASX-listed exploration company, has issued an Entitlement Offer Prospectus dated 8 May 2025 to raise up to AU$1 million. The pro-rata non-renounceable rights issue proposes one new share for every 6.926 shares held, priced at AU$0.15 per share, alongside one free listed option for every two shares applied for. The offer aims to fund the exploration of the Mt Fisher-Mt Eureka Project (80% allocation), working capital (17%), and offer expenses (3%). Upon full subscription, the company’s issued capital will rise from 46.17 million to 52.84 million shares, with options increasing from 32.68 million to 36.02 million. While the directors recommend shareholders participate, non-participation could result in up to 12.62% dilution. The offer includes key risk disclosures tied to funding, exploration uncertainties, and market conditions.

 

 

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