Lodestar Minerals initiates trading pause

Lodestar Minerals (ASX:LSR) has requested a trading halt on its securities, effective from 29 November 2024. This halt comes as the company prepares to announce a material acquisition. Trading is expected to resume by 3 December 2024 or once the announcement is made.

Lodestar Minerals' strategic acquisition plans

Lodestar Minerals (ASX:LSR) has initiated a trading halt to facilitate the preparation for a significant announcement regarding a material acquisition. The halt is in accordance with ASX Listing Rule 17.1, ensuring that all market participants have equal access to information. Lodestar's move signals a strategic corporate action aimed at potentially expanding its operations or assets, with more details expected to be revealed once the announcement is made. The company has not disclosed additional details, indicating that the information will be provided upon the conclusion of the halt or by 3 December 2024.

Executive commentary on trading halt

There is no further information necessary to disclose to the market at this time.