Australia's Impact Minerals hits 9-week low on discounted placement

Impact Minerals

23/09/2025 04:46

** Shares of Impact Minerals IPT.AX fall 12.5% to A$0.007, its biggest intraday pct loss since July 21

** Stock hits their lowest level since July 23

** Diversified miner receives firm commitment to raise A$4 million ($2.63 million) via placement

** Issue price of A$0.0065 per share represents a discount of ~18% to last close on Sept 18
        ** Says funds will be used to support ongoing High Purity Alumina ventures at the Lake Hope Project in WA, others

** About 13.5 mln shares traded, more than 5x the 30-day average

** YTD stock down 25.9%, including current session's move

($1 = 1.5188 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

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