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Rio Tinto-backed Sovereign Metals raising $40m; taps Petra Capital

Summary by Australian Financial Review
The proceeds would bankroll development costs at Sovereign’s Kasiya project, which the company pitches as the biggest rutile resource in the world.

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Australian Financial ReviewAustralian Financial Review
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Rio Tinto-backed Sovereign Metals raising $40m; taps Petra Capital

The proceeds would bankroll development costs at Sovereign’s Kasiya project, which the company pitches as the biggest rutile resource in the world.

·Sydney, Australia
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Sovereign to raise $40m for Kasyia rutile/graphite project

SOVEREIGN Metals said on Monday it intended to raise $40m through a placement of shares with the funds earmarked for the continued development of its rutile and graphite project, Kasiya. Petra Capital is lead manager and bookrunner for the placement of shares which will be done at a price of A$0.85/share. Shares in Sovereign were at A$0.98/s on the Australian Securities Exchange prior to a trading halt earlier today. On AIM, where they continue …

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Sovereign Metals #SVML – Response to Media Speculation

Sovereign Metals Limited (ASX:SVM; AIM:SVML; OTCQX: SVMLF) (Sovereign or the Company) notes today’s media speculation including an article in the Australian Financial Review on Monday 24 March 2025 in respect of a potential capital raising by the Company. The Company confirms that it has engaged Petra Capital as Lead Manager and Sole Bookrunner to raise … Continue reading →

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Sovereign Metals Limited (ASX:SVM; AIM:SVML) Response to Media Speculation

Sovereign Metals Limited (ASX:SVM; AIM:SVML; OTCQX: SVMLF)  notes today’s media speculation including an article in the Australian Financial Review on Monday 24 March 2025 in respect of a potential capitalRead More...

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Australian Financial Review broke the news in Sydney, Australia on Sunday, March 23, 2025.
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