Yandal Resources Raises AU$13.5 Million via Share Placement; Shares Jump 9%

MT Newswires Live

Oct 01, 2025

Yandal Resources (ASX:YRL) received firm commitments to raise AU$13.5 million through the issue of 46.4 million new shares at AU$0.29 apiece, to new professional and sophisticated investors and existing shareholders, according to a Wednesday filing with the Australian bourse.

The offer price represents a 4.4% discount to the company's five-day volume weighted average price, the filing said.

Proceeds will be used to fund exploration activities and for general working capital, per the filing.

Shares of the company rose past 9% in recent Wednesday trade.

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