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Pivotal Metals Limited (ASX:PVT)

ALERT: Price-sensitive ASX Announcement for PVT
Current share price for PVT : $0.015 -0.005 (-25%)+
Announcement
Release
24 Oct 2025 9:42AM
Price at Release
$0.020
Full Release
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Summary
Pivotal Metals Limited has announced a successful capital raising of $5.4 million to accelerate drilling at the Belleterre Project in Quebec, Canada. This funding includes $4.25 million from institutional and strategic investors and an additional $1.1 million secured through the Canadian flow-through share scheme. The funds will be used to commence drilling activities scheduled for December 2025 at high-priority targets such as the Alotta conductor and the Lorraine Mine gold target. Notably, the investment has been strongly supported by prominent investors, including Matthew Latimore, who will become a substantial shareholder. The funding and investor support highlight the significant potential of Pivotal's Quebec projects, fostering the company's exploration and development activities at Belleterre and Horden Lake.
Key Points
  • $5.4 million raised to accelerate Belleterre Project drilling.
  • $4.25 million from institutional and strategic placements.
  • $1.1 million non-dilutive funding via Canadian flow-through share scheme.
  • Drilling to commence in December 2025 at Belleterre.
  • High-priority targets include Alotta conductor and Lorraine Mine.
  • Strong investor support, including Matthew Latimore.
  • Significant validation for Pivotal's Quebec project 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.