Australia's AuKing Mining falls on discounted placement

Auking Mining

14/07/2026 05:22

** Shares of Australia's AuKing Mining AKN.AX fall as much as 3.6% to A$0.027, their lowest level since July 9
** The uranium exploration company announces placement to raise A$5 million ($3.47 million) at an issue price of A$0.025 per share
** Issue price at a discount of 10.7% to stock's last close
** Adds that funds to be used to upsize rare-earths drilling project in Malawi, Southeast Africa
** Near 13.1 million shares change hands, 2.7x the 30 day average
** However, stock up 500% YTD, including session moves


   ($1 = 1.4428 Australian dollars)

 (Reporting by Shravya Marakini in Bengaluru)
 ((Shravya.Marakini@thomsonreuters.com;))