Successful $3.6M Entitlement Offer Results
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Announcement summary
Successful $3.6M Entitlement Offer Results
Highlights:
· Full $3.6m raised with strong support from existing base: AR3 has successfully raised the full $3.6m sought, with $3.35 million (93%) raised through acceptances by existing AR3 shareholders, and firm commitments received to place the balance with sophisticated and professional investors.
· Directors subscribe in full: As signaled at the outset of the offer, all Directors took up their full entitlement under the offer, demonstrating strong alignment to shareholders and confidence in the Company’s outlook.
· Validation amidst critical minerals momentum: Strong investor uptake underscores AR3's strategic positioning amidst geopolitical shifts in the rare earths market.
· Capital injection enables key project development plans: With funds secured, AR3 is well placed advance its key projects, including uranium exploration at Overland and testwork and pre-feasibility studies at the Koppamurra Rare Earth Project.
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