Kuniko’s $2M Raise Hinges on Shareholder Support Amid Ambitious Growth Plans

Strategic Capital Raise

Kuniko Limited (ASX – KNI), a mineral exploration company focused on ethically sourced battery metals, has announced a non-renounceable rights issue to raise approximately $2 million. The offer, priced at $0.07 per share, a nearly 30% discount to recent trading prices, allows existing shareholders to subscribe for one new share for every three held, with the added incentive of free attaching options exercisable at $0.14 over the next two years.

This capital injection is designed to underpin Kuniko’s next phase of growth, enabling the company to advance key initiatives within its portfolio of copper, nickel, cobalt, and lithium projects in Norway, while also exploring new mineral opportunities in Tier 1 jurisdictions.

A Portfolio Aligned with the Energy Transition

Kuniko’s projects are strategically positioned in Norway, a country where 98% of electricity is generated from renewable sources, reinforcing the company’s commitment to a net zero carbon footprint. The company’s assets include the Ertelien Nickel-Copper-Cobalt Project near Oslo, the historically significant Skuterud Cobalt Project, and several other promising copper and battery metals prospects.

These projects are not only technically promising, with a recent JORC Mineral Resource Estimate confirming substantial nickel equivalent resources, but also ethically grounded. Kuniko emphasizes responsible mining practices aligned with United Nations sustainable development goals, including careful environmental stewardship and respect for indigenous and cultural heritage.

Partnerships and Innovation

Kuniko’s growth strategy is bolstered by collaborations with industry and research leaders. Notably, the company has submitted a NOK 60 million (~A$9 million) Green Platform grant application in partnership with automotive giant Stellantis and leading Norwegian research institutions. Additionally, Kuniko is involved in EU-backed initiatives leveraging AI-based mineral targeting technologies, such as the EUSPA–TerraEye collaboration, positioning the company at the forefront of innovation in mineral exploration.

Leadership Confidence and Shareholder Participation

All directors have committed to fully participate in the rights issue, a strong signal of confidence in Kuniko’s strategic direction. Chairman Gavin Rezos highlighted the company’s readiness to capitalize on market and policy tailwinds favoring secure, sustainable metals supply chains. The offer closes on 29 August 2025, with shareholders encouraged to act promptly to maintain their proportional ownership and benefit from the attaching options.

While the rights issue is not underwritten, Kuniko’s clear focus on ESG principles, strategic partnerships, and a disciplined capital approach provide a solid foundation for its ambitions in the rapidly growing European battery metals market.