Australia's Yari Minerals slips on discounted placement

Yari Resources

15/09/2025 03:54

** Yari Minerals YAR.AX falls as much as 8.3% to A$0.011, lowest since September 9

** Miner to raise A$1.5 million ($998,250) via placement at A$0.01/share

** Issue price represents 9.1% discount to last close

** Funds will be used to advance drilling at South Rolleston Coal project in Queensland

** YTD, YAR surges 300%

($1 = A$1.5026)

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com;))