IperionX (ASX:IPX) has announced a trading halt on its securities through the ASX. This halt is pending a further announcement about a proposed capital raising. The halt is effective immediately and will last until the announcement is made or normal trading resumes on October 21, 2024.
IperionX (ASX:IPX) has requested a trading halt in compliance with ASX Listing Rule 17.1, as it prepares to announce a proposed capital raising. The halt will remain until the release of the announcement or the resumption of normal trading on October 21, 2024. The company has assured that it is unaware of any reasons that might prevent the halt. This move suggests that IperionX is seeking additional funds, possibly for expansion or strategic initiatives. The outcome of the capital raising could influence the company's future direction and financial strategy.
IperionX Limited is not aware of any reason why the trading halt should not be granted nor of any additional information required to inform the market or ASX regarding this request.