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Hawsons Iron Ltd (ASX:HIO)

ALERT: Price-sensitive ASX Announcement for HIO
Current share price for HIO : $0.014 -0.006 (-28.21%)+
Announcement
Release
2 Feb 2026 8:53AM
Price at Release
$0.020
Full Release
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Summary
Hawsons Iron Ltd has successfully secured $2.2 million through a share placement, priced at $0.016 per share with a significant international investor contributing to the placement. Participants will receive one free attaching option per share, exercisable at $0.028, expiring on 6 February 2029. The funds will be used to enhance the economic viability of the Hawson Iron Project by exploring the financial benefits of a non-magnetic iron byproduct, optimizing waste handling processes, and continuing metallurgical testing, among other initiatives. This is expected to be the final capital raise before the company's feasibility study. Ignite Equity acted as the Lead Manager for this placement.
Key Points
  • Hawsons Iron Ltd has raised $2.2 million in a share placement at $0.016 per share.
  • Participants receive one free attaching option per share, exercisable at $0.028, expiring in 2029.
  • An international investor 'cornerstoned' the placement.
  • Funds will support the Hawson Iron Project's economic improvement and feasibility study.
  • Ignite Equity acted as Lead Manager for the placement.
  • The placement aims to enhance project economics, reduce development risk, and support the transition to a feasibility study.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.