Latest news with #Elementos
Yahoo
19-05-2025
- Business
- Yahoo
Metals X invests $3m in Elementos to advance Spanish tin project
Australian tin explorer Elementos has entered a binding agreement with Metals X to raise A$5m ($3.2m) through a strategic private placement. Metals X will subscribe to nearly 58.96 million fully paid ordinary shares in Elementos at $0.0848 per share. The capital raised will support the financing and ongoing advancement of Elementos' Oropesa tin project in Cordoba Province, Andalucia, Spain, as it progresses towards a final investment decision. Additionally, it will aid in the further redevelopment of the Cleveland tin project in Tasmania, along with covering general corporate expenses. Under the terms of the agreement, Elementos will issue the majority of the shares, approximately 58.28 million, under its existing placement capacity, referred to as Tranche 1 placement shares, directly to Metals X. Additionally, Elementos will seek shareholder approval for the issue of the remaining 684,566 shares at a general meeting to be convened within six weeks following the allotment of the initial shares. Upon completion of the placement, Metals X will hold 19.98% of Elementos' enlarged issued capital. The placement is expected to be completed on or around 23 May 2025. Metals X executive director Brett Smith said: 'We are pleased to announce this strategic investment in Elementos. 'This investment provides Metals X with the further opportunity to participate in a global pipeline of developing tin projects, bringing our operational IP [intellectual property] to assist in their development. We look forward to working with the Elementos Management and Board to ensure the best future for their projects.' In line with this partnership, Elementos has extended an invitation to Metals X to nominate two directors to join the Elementos Board. Elementos chairman Andy Greig said: 'Working with Metals X will aid the development and delivery of Elementos' key projects, including the Oropesa tin project in Spain, primed to be the only mine-to-metal tin supplier within the EU, and the Cleveland tin project in Tasmania, which is rapidly growing into a larger critical minerals project. 'We look forward to working closely with Metals X and benefitting from the experience of Australia's only significant tin miner and to mutually benefit from bringing Elementos projects into production.' Last month, Elementos completed a definitive feasibility study at the Oropesa tin project, affirming the project's technical, environmental and economic viability. "Metals X invests $3m in Elementos to advance Spanish tin project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
02-04-2025
- Business
- Yahoo
Insider Stock Buyers At Elementos Recouped Some Losses This Week
Some of the losses seen by insiders who purchased AU$467.0k worth of Elementos Limited (ASX:ELT) shares over the past year were recovered after the stock increased by 44% over the past week. However, the purchase is proving to be a costly gamble, since losses made by insiders have totalled AU$49k since the time of purchase. While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. In the last twelve months, the biggest single purchase by an insider was when Non-Executive Chairman Andrew Greig bought AU$419k worth of shares at a price of AU$0.095 per share. That means that an insider was happy to buy shares at above the current price of AU$0.085. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Elementos insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below! Check out our latest analysis for Elementos Elementos is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket. For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Elementos insiders own 26% of the company, worth about AU$5.2m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. The fact that there have been no Elementos insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think Elementos insiders are doubting the company, and they do own shares. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 5 warning signs for Elementos (of which 2 are potentially serious!) you should know about. But note: Elementos may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
01-04-2025
- Business
- Yahoo
Insider Stock Buyers At Elementos Recouped Some Losses This Week
Some of the losses seen by insiders who purchased AU$467.0k worth of Elementos Limited (ASX:ELT) shares over the past year were recovered after the stock increased by 44% over the past week. However, the purchase is proving to be a costly gamble, since losses made by insiders have totalled AU$49k since the time of purchase. While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. In the last twelve months, the biggest single purchase by an insider was when Non-Executive Chairman Andrew Greig bought AU$419k worth of shares at a price of AU$0.095 per share. That means that an insider was happy to buy shares at above the current price of AU$0.085. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Elementos insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below! Check out our latest analysis for Elementos Elementos is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket. For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Elementos insiders own 26% of the company, worth about AU$5.2m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. The fact that there have been no Elementos insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think Elementos insiders are doubting the company, and they do own shares. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 5 warning signs for Elementos (of which 2 are potentially serious!) you should know about. But note: Elementos may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
