Black Canyon trading halt details

Black Canyon Limited (ASX:BCA) has announced a trading halt on its securities. The halt is in anticipation of an announcement regarding a proposed capital raise. It commenced on December 19, 2024, and will remain until December 23, 2024, or until the announcement is made. This move aims to ensure fair market disclosure.

Black Canyon capital raise outlook

Black Canyon Limited has requested a trading halt on its securities due to an upcoming announcement concerning a proposed capital raise. The halt began on December 19, 2024, and is expected to lift by December 23, 2024, pending the announcement. The company aims to responsibly manage the dissemination of sensitive information. Black Canyon, holding a significant manganese resource, intends to use this capital to further develop its projects, including traditional manganese concentrate and HPMSM processing for EVs. This strategic move highlights their commitment to securing funding for growth and development in the manganese sector. With a strong capital structure and development focus, Black Canyon is poised for significant advancements in its operations.

Executive commentary on trading halt

The request for a trading halt has been made to manage the disclosure of sensitive information about a potential capital raise.