Future Metals Says Entitlement Offer to Raise Around AU$2.6 Million Closes; Shares Fall 12%

MT Newswires Live

Jun 20, 2025

Future Metals (ASX:FME) said that its one-for-three pro-rata non-renounceable entitlement offer to raise up to around AU$2.6 million closed on June 13, and it received valid acceptances from eligible shareholders for 190.1 million new shares, according to a Friday Australian bourse filing.

The offer was fully underwritten by CPS Capital Group, which will take up 26.5 million new shares, and Zeta Resources, which will take up 23 million new shares.

Zeta will hold an interest of 94.8 million shares in the firm, representing a 9.9% stake.

Future Metals applied to the London Stock Exchange for admission to trading on AIM for the 239.6 million new shares, expected to occur on or around June 23.

The shares fell nearly 12% in recent trading on Friday.

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