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FMR Resources Limited (ASX:FMR)

ALERT: Price-sensitive ASX Announcement for FMR
Current share price for FMR : $0.360 -0.13 (-26.53%)+
Announcement
Release
4 Sep 2025 9:06AM
Price at Release
$0.490
Full Release
download
Summary
FMR Resources Limited announced a $3.4 million equity raising through the placement of 9,444,445 shares at $0.36 per share, conducted at a 10.2% discount to the 15-day VWAP. This capital raising aims to accelerate exploration at the Southern Porphyry, with the placement split into two tranches. The first tranche uses existing placement capacity to raise approximately $3,002,910, while the second tranche, requiring shareholder approval, is set to raise $397,090. Inyati Capital and Euroz Hartleys were joint lead managers. The funds will support exploration at FMR's Llahuin Project in Chile, Canadian projects, and general working capital. Managing Director Oliver Kiddie emphasized the strong support received and the goal of achieving a significant discovery at the Southern Porphyry.
Key Points
  • $3.4 million equity raising for exploration
  • Placement involves existing shareholders and new investors
  • Major shareholder Mark Creasy cornerstoned the placement
  • Managed by Inyati Capital and Euroz Hartleys
  • Placement conducted at a 10.2% discount to 15-day VWAP
  • Two-tranche placement: Tranche 1 under existing capacity, Tranche 2 pending approval
  • Funds to support Llahuin Project in Chile and Canadian projects
  • Aim for a significant discovery at Southern Porphyry
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.