Australia's Elementos rises on fundraising for European and Tasmanian projects
17/02/2026 04:07
** Shares of tin explorer Elementos Ltd ELT.AX rise 15.7% to A$0.405, their highest level since Feb 5 ** Co to raise A$29.5 million via private placement at A$0.34 per new share ** Says funds raised will be used for tin projects in Europe and Tasmania ** Issue price represents a discount of 2.9% to stock's last close ** About 142.4 mln shares change hands, 2x the 30-day average of 121.6 mln ** Stock up 30.2% YTD including moves in current (Reporting by Jasmeen Ara Shaikh in Bengaluru) ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))
Recent news on Elementos
See all newsBrief: Elementos Says All Remaining Conditions Resolved Under Option Agreement To Acquire Up To 50% Interest In Iberian Smelting S.L.
Brief: Elementos Says Oropesa Tin Project Receives Approval For Access Road
Brief: Elementos Says Andalucía Grants Oropesa Tin Project 'overriding Public Interest' Status
Brief: Elementos Says Strategic Tenure Awarded Adjacent To Oropesa Tin Project
Australia's Elementos rises on fundraising for European and Tasmanian projects