South Manganese Investment Ltd. has announced a private placement of new shares under a general mandate. The company, a vertically integrated manganese producer, received shareholder approval for the general mandate at its annual general meeting on June 6, 2025, allowing it to issue up to 822,830,160 new shares. As of the announcement date, no new shares had been issued under this mandate. The placement aims to strengthen the company's financial position and support its operations in the manganese market. Completion of the placement is expected within three business days after meeting certain conditions, but no later than July 29, 2025.
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