Prospect Resources Issues 101.1 Million Shares to First Quantum Minerals; Shares Down 3%

MT Newswires Live

2025/04/22

Prospect Resources (ASX:PSC) issued roughly 101.1 million new ordinary shares at a price of AU$0.15 each as part of Toronto Stock Exchange-listed First Quantum Minerals' AU$15.2 million investment in the company, according to a Tuesday filing with the Australian bourse.

The shares are subject to an 18-month voluntary escrow ending Oct. 22, 2026, the filing stated.

Prospect Resources' shares were down 3% in recent Tuesday trade.

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