Australia's Auris Minerals slips on discounted placement

Auris Minerals

16/10/2025 03:33

** Shares of Auris Minerals AUR.AX fall as much as 38.5% to A$0.008,  their lowest level since October 7

** Miner says firm commitments received to raise A$3.2 million ($2.08 million) via placement at an issue price of A$0.004 per share

** Offer price represents a 69.2% discount to the stock's last close

** Funds will be used to secure low-cost tenure prospective for copper/gold and rare earths - co

** Trading volume hits highest level since July 6, 2023, with about 59.2 million shares changing hands - 43.7x the 30-day average

** Stock has doubled in value so far this year

($1 = 1.5394 Australian dollars)

(Reporting by Ananya Verma in Bengaluru)

((ananya.verma@thomsonreuters.com;))