High-Tech Metals Limited (ASX: HTM) has announced the successful completion of the placement of the shortfall related to its pro-rata non-renounceable entitlement issue. High-Tech Metals is focused on exploration and development of battery technology metals. The entitlement offer, detailed in the Prospectus dated 8 May 2025, was available to eligible shareholders on the basis of one new share for every 6.926 shares held, along with one free attaching listed option exercisable at $0.25 on or before 19 January 2026.
The entitlement offer closed on Tuesday, 27 May 2025. The company received valid applications for a total of 2,489,271 shares and 1,244,624 options, raising approximately $373,391 before costs. This initial subscription amount was less than the target amount sought by High-Tech Metals.
According to the announcement, a total of $626,609 before costs was raised through the issue of 4,177,394 new shares at $0.15 per share, together with 2,088,697 new options that were available under the shortfall placement. These remaining shares and options were successfully placed, completing the capital raise.
High-Tech Metals has lodged an Appendix 2A for the quotation of the shortfall securities. The announcement was authorised for release on the ASX by the company’s board of directors. For further information, investors and media are directed to contact Charles Thomas, Non-executive Chairman, or Quinton Meyers, Non-executive Director & Company Secretary.
