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Norwest Minerals Limited (ASX:NWM)

ALERT: Price-sensitive ASX Announcement for NWM
Current share price for NWM : $0.006 -0.008 (-57.14%)+
Announcement
Release
20 Jan 2026 9:10AM
Price at Release
$0.014
Full Release
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Summary
Norwest Minerals Limited (ASX: NWM) announced an At-The-Market Subscription Agreement with Dolphin Corporate Investments, providing up to $3,000,000 of standby equity capital over three years. This agreement offers Norwest a flexible and cost-effective funding option, allowing control over share issuance timing with minimal dilution. Key benefits include full discretion on the use of the ATM, no obligation to utilize it, and non-exclusivity, enabling other capital raising methods. The deal also includes placing 51,402,000 Norwest shares as security, which may be bought back and canceled upon early termination or maturity. The facility aids financial management for Norwest’s key assets, including the Bulgera Gold project.
Key Points
  • Norwest enters ATM agreement with Dolphin Corporate Investments.
  • Up to $3,000,000 standby equity capital available over three years.
  • Flexible, cost-effective funding with control over share issuance.
  • No obligation to utilize the ATM; can terminate agreement without cost.
  • 51,402,000 Norwest shares placed as security.
  • ATM facility to assist financial commitments for key assets like the Bulgera Gold project.
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.