RAU - Resouro Strategic Metals Inc.

[System]

Resouro Strategic Metals Inc. is a mineral exploration company focused on the discovery and development of critical mineral resources, via its rare earth elements and titanium project located in Minas Gerais State, Brazil, which comprises:

• 17 exploration permits and one exploration permit application held by the Company's Brazilian subsidiary; and
• 6 exploration permits and one exploration permit application that have been validly assigned to the Company's Brazilian subsidiary and are awaiting ANM approval,

(being the Tiros Project).

The Tiros Project is located in northern Minas Gerais, Brazil, and is situated approximately 350km west-north-west of Belo Horizonte, the state capital. The Tiros Project is an early-stage exploration project which is prospective for rare earth elements and titanium and covers an area of approximately 45,048 ha.

The Company, via its wholly owned subsidiary, also has an interest in a gold project located in Alta Floresta Gold Province which comprises three exploration permits (Novo Mundo Project) and an interest in an exploration permit, being the Santa Angela Project, which is not considered material to the Company’s operations.

It is anticipated that RAU will list on the ASX during June 2024.

Resouro

 

[Dona Ferentes]

Listing date	04 June 2024 ; 11:00 AM AEST ##
Company contact details	https://www.resouro.com Ph: +1 416 642 1807
Principal Activities	Mineral Exploration
Issue Price	AUD 0.50
Issue Type	CHESS DEPOSITARY INTERESTS
Security code	RAU
Capital to be Raised	$8,000,000
Expected offer close date	23 May 2024
Underwriter	Not underwritten. Taylor Collison Limited (Lead Manager).

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[rcw1]

Good evening
RAU opened well today (14/06/24):
Shares traded as high as $0.69 before closing up 34 per cent at $0.67.

• A$8 million raised via the issue of 16,000,000 CHESS Depositary Interests (CDIs) at an issue price of A$0.50 per CDI (the Offer) with a ratio of 1 CDI for 1 Share;
• The highly successful oversubscribed Offer received strong support from Australian institutional investors, including RAU’s existing shareholders; and
• Proceeds of the Offer will primarily be used for advanced exploration activities with the aim of delineating a JORC compliant Mineral Resource at the Tiros Rare Earth Elements (REE) and Titanium project in Brazil and exploration at the Company’s Novo Mundo Gold Project.

Top 13 shareholders:

Not holding.

Have a very nice weekend.

Kind regards
rcw1