Australia's Impact Minerals hits more-than-one-year low on discounted placement

Impact Minerals

17/08/2026 04:11

** Shares of Australia's Impact Minerals IPT.AX fall as much as 12.2% to A$0.036, hitting their lowest since April 7
** Stock logs its biggest intraday pct drop since March 30
** Mineral explorer is undertaking a 1-for-4 renounceable rights issue at A$0.032 per share
** Adds rights issue to raise about A$4.1 million ($2.91 million)
** Co says issue price is at 22% discount to stock's last closing price
** Stock down over 30% this year, including the day's move


($1 = 1.4102 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))