Metal Powder Works Raises AU$15 million via Institutional Placement.

Metal Powder Works Limited (ASX: MPW) has successfully secured AU$15 million through an institutional placement, strengthening its balance sheet and providing capital to accelerate growth initiatives. The placement involved the issue of approximately 4.3 million fully paid ordinary shares at AU$3.50 each. This pricing represents a 5.1% discount to the last traded price of AU$3.69 on 4 September 2025, a marginal 0.5% discount to the five-day VWAP of AU$3.52, and a 1.1% premium to the ten-day VWAP of AU$3.46.

The new shares will rank equally with existing shares and the issue falls within the company’s placement capacity under ASX Listing Rule 7.1, without requiring shareholder approval. Settlement is expected on 15 September 2025, with Canaccord Genuity (Australia) acting as sole lead manager. CEO John Barnes noted that strong institutional backing highlights growing recognition of MPW’s technology and provides the financial strength to expand production, grow market share, and broaden its product offering.

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