Greatland Resources has successfully completed the bookbuild for its listing on the Australian Securities Exchange (ASX), garnering significant interest from investors. The company secured firm commitments for the issuance of over 7.5 million shares at a price of $6.60 per share, aiming to raise $50 million for operational and capital expenses.
The joint lead managers for the ASX listing and Australian offering include BofA Securities, Barrenjoey, and Canaccord, with Sternship Advisers and Argonaut Securities acting as co-Managers. Additionally, a special purpose vehicle established to facilitate the sale of shares by Newmont NOL, a Newmont Corporation subsidiary, received commitments totaling $440.4 million.
The success of the Australian offering is contingent on the approval of a UK scheme by the UK Court. Upon completion, Greatland Resources shares will be listed on the ASX, with trading expected to commence on June 24, 2025. Simultaneously, an application will be made for the shares to be admitted to trading on AIM, with this process anticipated to be finalized by June 23, 2025.
Adam Orlando, Editor-in-Chief of Mining.com.au, brings over two decades of media experience to his role, having held senior positions in various publications globally, including Asia-Pacific Sector Head (Mining) at Acuris. Orlando’s extensive background in the industry provides valuable insights into the mining sector and financial markets.
In recent news, Volt Resources completed a graphite Scoping Study, enhancing its purification process for improved outcomes. Petratherm uncovered economic titanium deposits in an ‘ancient beach,’ highlighting the diverse mineral potential in the market. Meteoric entered into a collaboration agreement with MTM, Emeco reported robust earnings amidst increased mining activity, and Element 25 secured government support for its expansion plans.
The mining industry continues to witness significant capital raises and mergers, with companies like Firefly Metals and Premier American Uranium announcing substantial funding and partnership agreements. Greatland Gold’s upcoming cross-listing on the ASX further underscores the growing trend of companies expanding their market presence internationally.
Mining.com.au, a publication by Mayfair Media Operations Pty Ltd, offers valuable insights into the mining sector, providing readers with up-to-date information and analysis. The platform covers a wide range of commodities, including gold, copper, battery metals, iron ore, and rare earths, catering to the diverse interests of investors and industry professionals.
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