Mt Malcolm Mines NL (ASX: $M2M) share purchase plan announcement

Mt Malcolm Mines NL (ASX: $M2M) has announced its decision to proceed with a Share Purchase Plan (Plan) to raise up to $1,000,000 by offering shares to existing eligible shareholders in Australia or New Zealand. The Plan offers a 6% discount and aims to provide flexibility for funding options, supporting exploration and development activities at various projects in Western Australia, along with general working capital purposes.

Executive commentary on the share purchase plan

The Company is pleased to announce the decision to proceed with the Share Purchase Plan, which reflects our commitment to recognizing and rewarding the continued support of our existing shareholders. The Plan not only offers eligible shareholders a 6% discount but also provides an opportunity to participate in the Company's future exploration and development activities, contributing to the growth and advancement of our projects. We encourage eligible shareholders to carefully review the Offer Booklet and consider participating in the Plan to support our ongoing initiatives.

Summary of Mt Malcolm Mines NL (ASX: $M2M) share purchase plan

Mt Malcolm Mines NL (ASX: $M2M) has resolved to proceed with a Share Purchase Plan (Plan) to raise up to $1,000,000 by offering shares to existing eligible shareholders in Australia or New Zealand. The Plan offers a 6% discount and aims to provide flexibility for funding options, supporting exploration and development activities at various projects in Western Australia, along with general working capital purposes. Eligible shareholders are encouraged to review the Offer Booklet and consider participating in the Plan to support the Company's initiatives. The Company aims to utilize the funds raised under the Plan, in conjunction with existing funds, for exploration and development activities at Leonora covering the Mt George and Malcolm Projects, as well as exploration for critical minerals at the Mt Feltman and Lake Johnston Projects, all located within Western Australia, and for general working capital purposes.