FINWIRES · TerminalLIVE
FINWIRES

Meteoric Resources Completes AU$40 Million Capital Raise; Shares Fall 4%

By

-- Meteoric Resources (ASX:MEI) completed its AU$40 million equity raising, issuing 235 million new fully paid ordinary shares at AU$0.17 apiece to institutional and sophisticated investors, according to a Wednesday filing with the Australian bourse.

The funds will be used to support advancement and pre-development activities at the Caldeira rare earth ionic adsorption clay project to support a final investment decision within the year, the filing added.

The company's shares fell 4% in recent Wednesday trade.

Related Articles

Asia

Insilico Medicine Wins China IND Nod for IPF Inhalation Therapy

InSilico Medicine (HKG:3696) said its investigational new drug application for an inhaled formulation of Rentosertib has been approved by China's National Medical Products Administration, according to a Wednesday Hong Kong bourse filing.The company said the drug is intended for the treatment of idiopathic pulmonary fibrosis.The approval supports a Phase 1 clinical study to evaluate safety, tolerability, and pharmacokinetics, the filing said.

$HKG:3696
Asia

Sinopec's Q1 Profit Jumps 28%; Revenue Down 4%

China Petroleum & Chemical (HKG:0386, SHA:600028) or Sinopec reported a 28% jump in net profit in the first quarter to 17 billion yuan from 13.3 billion yuan a year earlier, according to filings with the Hong Kong and Shanghai bourses late Tuesday.Earnings per share climbed to 0.141 yuan from 0.109 yuan.Revenue fell 3.9% to 706.7 billion yuan from 735.4 billion yuan, the oil and gas company said.

$HKG:0386$SHA:600028
Asia

Stanmore Resources Posts Lower Q1 Saleable Production, Coal Sales

Stanmore Resources (ASX:SMR) reported saleable production of 3.2 million tonnes for the first quarter, according to a Wednesday Australian bourse filing.The company reported saleable production of 3.3 million tonnes for the same period a year ago, an earlier filing showed.Total coal sales were 3 million tonnes at an average sales price of $152 per tonne, compared with 3.2 million tonnes at $139 per tonne in the same period last year.The company maintained its saleable production guidance, with record performances in March providing a strong base for the remainder of 2026, while the Isaac Downs Extension project approvals pathway is progressing as planned, with the Environmental Impact Statement on track for submission in the second quarter.

$ASX:SMR