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Impact Minerals Limited has announced a renounceable rights issue to raise up to approximately AUD 4.1 million (USD 2.9 million) before costs, as the company continues to develop its High Purity Alumina (HPA) opportunities.
{alcircleadd}Under the offer, eligible shareholders will be entitled to subscribe for one new share for every four shares held at AUD 0.032 per share. For every three new shares subscribed for, shareholders will receive two free attaching new options, each with an exercise price of AUD 0.06 and an expiry of 2.5 years from the date of issue.
The company will apply for quotation of the new shares and options on the ASX.
HPA remains a key focus for Impact Minerals, which describes the material as a critical mineral with strong global demand. The company’s Lake Hope resource provides a mineral pathway towards becoming an HPA producer.
Impact Minerals also holds a 50 per cent interest in Alluminous Pty Ltd, which is developing a chemical pathway for producing HPA. The company said these interests provide the potential to produce at least two distinct HPA products designed to meet different requirements in the end-user market.
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Potential revenue from by-products could also help fund the company during the longer-term customer testing of its HPA products, Impact Minerals said.
The rights issue price of AUD 0.032 represents a 22 per cent discount to the company’s last closing price of AUD 0.041 on the ASX before the announcement. It also represents a 26 per cent discount to the company’s 90-day volume-weighted average price of AUD 0.043, calculated over the 90-day period in which sales in the shares were recorded and ending on the day before the announcement.
The offer is open to eligible shareholders with registered addresses in Australia, New Zealand and Germany who hold shares on the August 20, 2026 record date.
New investors can participate in the offer by purchasing shares on market by the close of market on August 20. Under the rights issue timetable, trading in the rights will end on Wednesday, September 2, 2026.
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