High-Tech Metals Limited is focused on exploration and development of mineral resource opportunities, and specifically exploration and development of the cobalt Project located in north-western Ontario, Canada. It is set to list on the Australian Securities Exchange (ASX).
High-Tech Metals Limited has one major project – Werner Lake Project.
*Werner Lake Project – is made up of 126 patented mining claims, 2 leaseholds and 11 licences of occupation covering a total area of approximately 1,746.4 Ha. It has a combined Inferred and Indicated Mineral Resources totaling 720,000lbs of cobalt with the 2012 JORC Code.
High-Tech Metals Limited was looking to raise up to $5.5 million at $0.20 per share in its initial public offering (IPO). The Public Offer opens on 8 Nov 2022 and closes on 3 Jan 2023. The expected date for quotation on ASX is 23 Jan 2023.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | HTM |
| Name | High-Tech Metals Limited |
| Website | https://hightechmetals.com.au/ |
| Share Registry | Automic Pty Ltd |
| Underwriter | Not underwritten. Westar Capital Limited (Lead Manager) |
| Opening Date for the Public Offer: | 8 November 2022 |
| Closing Date for the Public Offer: | 3 January 2023 |
| Expected date for New Shares to commence trading on ASX | 23 January 2023 1:30PM AEDT |
| Funds to be raised under the Public Offer (before costs) | $4,718,000 |
| Offer price per share | $0.20 |
| Shares on issue at the Prospectus Date | 6,000,010 |
| Shares to be issued under the Public Offer | 23,590,000 |
| Total Shares (undiluted) | 32,840,010 |
| Escrow (estimated) | 8,088,522 Shares and 9,225,000 options(a period of 24 months from quotation) 161,250 Shares and 275,000 options(a period of 12 months from the date of issue) |
Source: High-Tech Metals Limited prospectus, official website.