Australia's OD6 Metals falls on discounted placement

OD6 Metals

05/10/2026 03:16

** Shares of OD6 Metals OD6.AX fall as much as 4.6% to A$0.1050, their lowest point since September 30
** Stock logs its largest intraday pct loss since September 30
** The rare earths explorer to raise around A$6.92 million ($4.81 million) at an issue price of A$0.095 per share, representing a discount of 13.6% to the last close on September 30
** Company intends to use funds for maiden drilling at the Quinn Fluorspar Project, others
** YTD, stock up 26.5% 

($1 = 1.4382 Australian dollars)

 (Reporting by Tejas Harish in Bengaluru)
 ((tejas.harish@thomsonreuters.com;))