https://newsletter-mw.creamermedia.com
PROJECT
PROJECT
project

Sovereign Metals confirms intention to raise A$40m for Malawi project

24th March 2025

By: Sabrina Jardim

Senior Online Writer

     

Font size: - +

In response to media speculation in respect of a potential capital raising by ASX- and Aim-listed Sovereign Metals, the company has confirmed that it has engaged Petra Capital as lead manager and sole bookrunner to raise A$40-million through a placement at A$0.85 a share.

The company notes that funds raised will be applied to development costs for the Kasiya rutile/graphite project, in Malawi, including permitting, studies and other costs and working capital and offer costs.

The company notes that there can be no certainty that the fundraise will complete, nor of the final structure or terms of any such fundraise.

To watch Creamer Media's latest video reports, click here
 

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ALBIS FLANGES (Pty) Ltd
ALBIS FLANGES (Pty) Ltd

ALBIS FLANGES — founded in 1965 — is a petro-chemical approved manufacturer of flanges and fittings in most grades of steel, listed with Sasol,...

VISIT SHOWROOM 
Essentra Components
Essentra Components

We are responsible manufacturers of essential components. Manufacturing 80 million parts a week, we have over 1 billion parts in stock.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.045 1.498s - 104pq - 2rq
Subscribe Now