BCI Minerals (ASX: $BCI) Entitlement Offer Completion

BCI Minerals Limited (ASX: $BCI) has successfully closed the retail component of its fully underwritten Accelerated Non-Renounceable Entitlement Offer, raising approximately A$114.1 million before costs. Eligible shareholders were offered 1 fully paid ordinary share in the capital of BCI for every 1.19094 shares held at 4.00pm (Perth time) on 5 February 2024.

Executive Commentary on Entitlement Offer Completion

The completion of the retail component of the entitlement offer marks a significant milestone for BCI Minerals. We are pleased with the successful closure, which reflects the confidence and support from our eligible shareholders. The funds raised will further strengthen our financial position and support the ongoing development of our projects, particularly the Mardie Salt & Potash Project. We appreciate the continued trust and commitment from our shareholders as we progress towards our strategic objectives.

Summary of BCI Minerals Entitlement Offer Completion

BCI Minerals (ASX: $BCI) has concluded the retail component of its fully underwritten Accelerated Non-Renounceable Entitlement Offer, raising approximately A$114.1 million before costs. The successful closure, combined with the institutional component, resulted in a total amount raised of approximately A$255 million before costs. The funds will contribute to the company's financial strength and provide support for the ongoing development of the Mardie Salt & Potash Project and other strategic initiatives. BCI Minerals continues to progress its industrial minerals business, focusing on the Mardie Project's construction and the potential royalties from its various assets, demonstrating its commitment to delivering long-term value to its stakeholders.