Australia's Waratah Minerals falls to 3-week low on discounted placement
07/05/2026 03:09
** Waratah Minerals WTM.AX falls as much as 6.4% to A$0.66, lowest since April 13 ** Stock on track to log best day since April 30 ** Diversified mineral explorer receives firm commitments for A$48 million ($34.8 million) placement ** Issue price of A$0.62/share represents 12.1% discount to last close ** Funds raised will be used to significantly increase activities at Spur Gold Project, including for resource growth and discovery drilling programme ** WTM up 29.8% YTD ($1 = A$1.3799) (Reporting by Anjali Singh in Bengaluru) ((anjali.singh2@thomsonreuters.com;))
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