Macro Metals (ASX:M4M) received payment for the final tranche of the placement with Paramount Earthmoving, issuing a further 100.6 million new shares at AU$0.01 apiece and raising about AU$1 million, according to a Wednesday filing with the Australian bourse.

The final tranche will bring Paramount's ownership in the company to 9.32%, the filing said.

The shares will be held under a voluntary escrow agreement until Sept. 30, 2026, according to the filing.