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Pivotal Metals Limited (ASX:PVT)

ALERT: Price-sensitive ASX Announcement for PVT
Current share price for PVT : $0.016 -0.006 (-27.27%)+
Announcement
Release
29 Oct 2025 8:09PM
Price at Release
$0.022
Full Release
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Summary
Pivotal Metals Limited issued a prospectus dated 29 October 2025, outlining an offer to raise approximately C$2,615,455 through the issuance of 159,090,909 shares at C$0.01644 per share. The offer is intended to fund exploration and drilling activities at the Belleterre Projects and Horden Lake Project. The shares qualify as 'flow-through shares' under Canadian tax law, allowing investors to receive tax deductions for expenditures targeting critical minerals. The prospectus highlights key risks such as exploration risks, land access issues, and foreign jurisdiction risks, particularly related to Canadian government regulations. The offer does not impact control of the company, and there is no minimum subscription required. The document emphasizes the speculative nature of the investment and advises potential investors to consider their individual risk profiles and consult with professional advisers.
Key Points
  • Prospectus date: 29 October 2025
  • Offer to issue 159,090,909 shares at C$0.01644 each
  • Total funds to be raised: approximately C$2,615,455
  • Shares qualify as 'flow-through shares' for Canadian tax benefits
  • Funds allocated for Belleterre and Horden Lake Projects
  • Speculative investment with various risks highlighted
  • No minimum subscription or impact on company control
  • Advised consultation with professional advisers
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.