Australia's Wildcat Resources slips to 9-month low on discounted placement
Shares of mineral exploration company Wildcat Resources fell as much as 14.7% to A$0.2900, their lowest point since December 9, 2025. The company is set to raise A$60 million via placement of 196.7 million new shares at A$0.305, representing a 10.3% discount to the stock's last close. Funds will be used for the advancement of the Tabba Tabba Lithium Project.
2900, their lowest level since December 9, 2025. If the current move holds, the stock would log its weakest session since mid-November 2024. 7 million new fully paid ordinary shares. 3% discount to the stock's last close.
Wildcat said it will use the funds to advance the Tabba Tabba Lithium Project in Western Australia. 2% year to date including the session's moves. 4039 Australian dollars)