Metals X to Raise Interest in Elementos to 19.98% via AU$5 Million Strategic Private Placement

MT Newswires Live

May 19

Metals X (ASX:MLX) invested AU$5 million in Elementos (ASX:ELT) through a strategic private placement, according to a Monday filing with the Australian bourse.

Under the placement, Elementos will issue around 59 million new fully paid ordinary shares at a price of AU$0.0848 each, which is effectively equal to the closing price on May 16, per the filing.

Proceeds will fund the development of Elementos' Oropesa tin project in Spain towards final investment decision, as well as the redevelopment of the Cleveland tin project in Tasmania, the filing stated.

Following the completion of the placement, Metals X will hold roughly 19.98% of Elementos' shares on issue. Settlement is expected on or around May 23.

Metals X's shares were down over 2% in recent trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2536554785"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2536554785\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2536554785?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-19 10:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2536554785","market":"fut","top_or_hot":-1,"title":"Metals X to Raise Interest in Elementos to 19.98% via AU$5 Million Strategic Private Placement","media":"MT Newswires Live","content":"<html><body><p> Metals X (ASX:MLX) invested AU$5 million in Elementos (ASX:ELT) through a strategic private placement, according to a Monday filing with the Australian bourse.</p><p>Under the placement, Elementos will issue around 59 million new fully paid ordinary shares at a price of AU$0.0848 each, which is effectively equal to the closing price on May 16, per the filing.</p><p>Proceeds will fund the development of Elementos' Oropesa tin project in Spain towards final investment decision, as well as the redevelopment of the Cleveland tin project in Tasmania, the filing stated.</p><p>Following the completion of the placement, Metals X will hold roughly 19.98% of Elementos' shares on issue. Settlement is expected on or around May 23.</p><p>Metals X's shares were down over 2% in recent trade.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Metals X to Raise Interest in Elementos to 19.98% via AU$5 Million Strategic Private Placement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMetals X to Raise Interest in Elementos to 19.98% via AU$5 Million Strategic Private Placement\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-05-19 10:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Metals X (ASX:MLX) invested AU$5 million in Elementos (ASX:ELT) through a strategic private placement, according to a Monday filing with the Australian bourse.</p><p>Under the placement, Elementos will issue around 59 million new fully paid ordinary shares at a price of AU$0.0848 each, which is effectively equal to the closing price on May 16, per the filing.</p><p>Proceeds will fund the development of Elementos' Oropesa tin project in Spain towards final investment decision, as well as the redevelopment of the Cleveland tin project in Tasmania, the filing stated.</p><p>Following the completion of the placement, Metals X will hold roughly 19.98% of Elementos' shares on issue. Settlement is expected on or around May 23.</p><p>Metals X's shares were down over 2% in recent trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ELT.AU","symbol_name":"ELEMENTOS LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2536554785","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536554785","pubTimestamp":1747620578,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Metals X  invested AU$5 million in Elementos  through a strategic private placement, according to a Monday filing with the Australian bourse.Under the placement, Elementos will issue around 59 million new fully paid ordinary shares at a price of AU$0.0848 each, which is effectively equal to the closing price on May 16, per the filing.Proceeds will fund the development of Elementos' Oropesa tin project in Spain towards final investment decision, as well as the redevelopment of the Cleveland tin project in Tasmania, the filing stated.Following the completion of the placement, Metals X will hold roughly 19.98% of Elementos' shares on issue. Settlement is expected on or around May 23.Metals X's shares were down over 2% in recent trade.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ELT.AU":"ELEMENTOS LTD","BK7095":"多种金属与采矿","BK7507":"资源股","MLX.AU":"METALS X LTD"},"translate_title":"Metals X将通过500万澳元战略私募将Elementos的权益提高至19.98%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ELT.AU":0.9,"MLX.AU":0.9},"content_text":"Metals X (ASX:MLX) invested AU$5 million in Elementos (ASX:ELT) through a strategic private placement, according to a Monday filing with the Australian bourse.Under the placement, Elementos will issue around 59 million new fully paid ordinary shares at a price of AU$0.0848 each, which is effectively equal to the closing price on May 16, per the filing.Proceeds will fund the development of Elementos' Oropesa tin project in Spain towards final investment decision, as well as the redevelopment of the Cleveland tin project in Tasmania, the filing stated.Following the completion of the placement, Metals X will hold roughly 19.98% of Elementos' shares on issue. Settlement is expected on or around May 23.Metals X's shares were down over 2% in recent trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}