By Digifin Pty Ltd · About this coverage
Key Points
- Firm commitments for about A$6.92m placement at A$0.095 per share
- 72,842,106 new shares; 13.6% discount to 11.0c last close; allotment 12 October 2026
- Funds Quinn fluorspar drilling, metallurgy, permitting and related US critical minerals work
- Proposed rebrand to Adaven Limited subject to shareholder approval
About OD6 Metals (ASX:OD6)
OD6 Metals Limited is an ASX-listed critical minerals explorer based in Subiaco, Western Australia. Its projects include the Quinn Fluorspar Project in the United States and Australian rare earth and copper-zinc assets.
OD6 Metals (ASX:OD6) secured firm commitments to raise about A$6.92 million (before costs) via a single-tranche placement at A$0.095 per share to fund its US fluorspar strategy centred on the Quinn project.
The placement will issue 72,842,106 new fully paid ordinary shares ranking equally with existing shares, using existing ASX Listing Rule placement capacity. The issue price is a 13.6% discount to the last close of 11.0 cents. Settlement is due 9 October 2026 and allotment and quotation 12 October 2026. Proceeds will fund Quinn maiden drilling and bulk sampling on USFS approval, assaying, metallurgy, resource work, geophysics, permitting, deferred Quinn consideration cash, and Splinter Rock and Gulf Creek activities. OD6 also proposes a rebrand to Adaven Limited, subject to shareholder approval. The release does not state a post-raise cash balance.
Source: OD6 Metals Limited (ASX:OD6), 5 October 2026. Summary content supplied by Digifin Pty Ltd.
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