Alma Metals Offers Shares at 0.6 Cents in $30,000 SPP for Eligible Shareholders

Alma Metals Launches Discounted Share Purchase Plan

Alma Metals Limited (ASX – ALM) has rolled out a Share Purchase Plan (SPP) targeting its shareholders in Australia and New Zealand. This move allows eligible investors to acquire additional shares at a notably discounted rate, a strategic step to strengthen the company’s capital position as it approaches the close of 2025.

The SPP permits each qualifying shareholder to purchase up to $30,000 worth of fully paid ordinary shares without incurring brokerage or transaction fees. The shares are priced at 0.6 cents each, representing a 15% discount to the volume weighted average price over the preceding 20 trading days. This discount is designed to incentivize participation and reward loyal shareholders.

Timetable and Participation Details

Shareholders recorded on 25 November 2025 are eligible to participate. The official offer opens on 28 November with the distribution of the SPP Offer Booklet, which will detail terms and conditions. The offer closes on 17 December, with the company planning to announce the results and issue new shares by 24 December 2025. Notably, Alma Metals reserves the right to adjust these dates, including extending the closing date if necessary.

This capital raising initiative comes at a time when mining and metals companies are navigating fluctuating commodity prices and investor appetite. By offering shares at a discount, Alma Metals aims to secure fresh funds efficiently while providing existing shareholders a cost-effective opportunity to increase their stake.

Implications for Shareholders and Market

While the SPP offers a straightforward way for shareholders to deepen their investment, the ultimate impact on share price and capital structure will depend on uptake levels. The absence of options in this offer simplifies the proposition but also limits potential leverage for investors seeking more complex instruments.

Managing Director Frazer Tabeart’s authorization of the announcement signals confidence in the company’s strategic direction. Meanwhile, investors will be watching closely for the final subscription figures and any subsequent market reaction as the new shares are issued.