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M3 Mining Limited (ASX:M3M)

ALERT: Price-sensitive ASX Announcement for M3M
Current share price for M3M : $0.027 -0.005 (-15.63%)+
Announcement
Release
8 Sep 2025 9:18AM
Price at Release
$0.032
Full Release
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Summary
M3 Mining Limited announced its intention to raise $2.25 million by issuing 125,000,000 shares at $0.018 each. The funds are earmarked for exploration activities at the Victoria Bore and Edjudina projects, as well as for potential acquisitions to enhance the company's project portfolio. The placement will happen in two tranches, with CPS Capital Group acting as the lead manager. This initiative is part of a broader strategic review by the company to unlock value from existing projects and pursue new opportunities.
Key Points
  • M3 Mining Limited plans to raise $2.25M through a placement of 125,000,000 shares.
  • Funds raised will be used for exploration at Victoria Bore and Edjudina projects.
  • The placement will be completed in two tranches.
  • CPS Capital Group is the lead manager for the placement.
  • The placement aims to strengthen and diversify the company’s portfolio.
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.