Australia's Wildcat Resources slips to 9-month low on discounted placement

Wildcat Resources

21/09/2026 05:14

** Shares of Wildcat Resources WC8.AX fall as much as 14.7% to A$0.2900, their lowest point since December 9, 2025
** Stock set for its weakest session since mid-November 2024, if current trends hold 
** The mineral exploration company to raise A$60 million  ($42.74 million) via placement of 196.7 million new fully paid ordinary shares
** Issue price of A$0.305 represents a 10.3% discount to stock's last close
** Funds to be used for the advancement of the Tabba Tabba Lithium Project, Western Australia, company says  
** YTD, stock down 19.2% including the session's moves


($1 = 1.4039 Australian dollars)

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