Armada Metals Ltd Mandates IPO Lead Managers and Makes Strategic Board Appointment

Sydney, Australia (ABN Newswire) - Armada Metals Limited (ACN 649 292 080) (Armada, AMM, or Company) is pleased to announce that it has engaged Canaccord Genuity Group Inc, and PAC Partners to act as joint lead managers for the Company's initial public offering (IPO), to raise up to A$10 million through the issue of new shares.

Highlights:

- Canaccord and PAC Partners mandated to joint-lead manage Armada's upcoming IPO where Armada will raise up to A$10 million

- Armada is well-funded with >US$1.5m USD in existing cash reserves as at Q1 2021, and on track for the planned ASX-listing

- Strategic appointment of experienced industry executive and general counsel to Orocobre Limited (ASX:ORE), Rick Anthon, to the Board of Armada as Non-Executive Director

Prior to the commencement of the IPO, and subject to receipt of required government approvals, the Company will undertake a restructure to optimise the group holdings.

In anticipation of the IPO, the Company has appointed experienced resource executive, Rick Anthon as a non-executive director. Rick is a practising lawyer with over 30 years' experience in both corporate and commercial law and has extensive experience in the resource sector. He is currently the Chairman of Bass Metals Ltd, a non- executive director of Laneway Resources Ltd and general counsel and joint company secretary at Orocobre Limited.

Additional information in relation to the IPO, including the offer terms and conditions, will be provided in due course. Potential investors should read the prospectus in its entirety before making a decision on investing.

Armada's Managing Director Dr Ross McGowan commented:

"We are delighted to welcome Rick Anthon to the Board of Armada. Rick brings a wealth of industry knowledge and experience to the team, and we look forward to his contribution to the growth and governance of the Company. The Board is excited to be working with Canaccord and PAC Partners to raise funds for the Company's upcoming IPO that will secure the next phase of exploration and drilling at the Nyanga Magmatic Ni-Cu Project in Gabon".



About Armada Metals Ltd:  

Armada Metals Limited was established to define new belt-scale discovery opportunities for key commodities (principally nickel and copper) in under-explored regions of Africa. With >US$10m spent targeting an area of >16,000km2, Armada is preparing to drill a multi-target project opportunity for magmatic Ni-Cu sulphides in the Nyanga area, southern Gabon. Armada is supported by a Board and Africa-based technical team both with a track record of successful African projects. Key members of the Armada targeting team were part of the team awarded the 2015 PDAC Thayer Lindsley Award for an International Mineral Discovery (as members of the Kamoa/DRC discovery team with Ivanhoe Mines).



Source:
Armada Metals Ltd



Contact:
Dr Ross McGowan
Managing Director and CEO
Armada Metals Limited
E: ross@armadametals.com.au
Twitter: @ArmadaMetals

News Provided by ABN Newswire via QuoteMedia

The Conversation (0)
A battery with Australia flag.

4 Best-performing ASX Lithium Stocks of 2025

Global demand for lithium presents a significant opportunity for Australia, which is home to many ASX lithium mining stocks as the world's top lithium producer.

Australia’s abundant lithium reserves and strong mining sector, position the country as a key player in the battery value chain into the 2030s. However, rapid electric vehicle (EV) market growth projections drove increased lithium mining rates, leading to a global surplus.

Against that backdrop, Australia’s lithium sector faced headwinds in Q1 2025 due to falling global lithium prices and continued market oversupply.

Keep reading...Show less
A sack of US money.

California Touts US$540 Billion Salton Sea Lithium Discovery

Scientists have discovered an estimated US$540 billion worth of lithium beneath California’s Salton Sea, a finding that could reshape the global energy market and reduce US reliance on foreign lithium supply.

The Salton Sea, located in Southern California’s Imperial County, has long been considered an environmental concern due to its receding shoreline and rising air pollution.

Now, researchers funded by the US Department of Energy have confirmed the area holds approximately 18 million metric tons of lithium — far more than previous estimates of 4 million metric tons.

Keep reading...Show less
Lithium periodic symbol and Canadian flag.

Top 5 Canadian Lithium Stocks of 2025

The lithium market continued to battle headwinds during the first quarter of 2025 as residual oversupply weighed on prices, pushing them to a four year low.

Weaker-than-expected demand to start the year also added pressure to the oversupplied market, resulting in the lithium carbonate CIF North Asia price to fall below US$9,550 per metric ton, its lowest point since 2021.

Analysts have suggested the persistent downturn is the signaling of a market bottom. This theory is further supported by a projected production reduction that will help absorb market oversupply.

Keep reading...Show less
Green blocks with leaves on them push purple blocks with "CO2" written on them.

Funding the Energy Transition: The Role of Public and Private Finance in Building Supply Chains

The energy transition demands substantial funding as participants look to build out infrastructure and supply chains, but experts say new solutions are emerging to help navigate this landscape.

During the "Financing the Energy Transition" panel at the Benchmark Summit, participants discussed the role of government and public sector investment, as well as the outlook for Canada's electric vehicle (EV) supply chain.

Moderated by Adam Webb, head of battery raw materials at Benchmark Mineral Intelligence, the discussion at the Toronto-based event opened with a snapshot of Canada’s EV battery supply chain buildout.

Keep reading...Show less
International Lithium Chairman and CEO John Wisbey.

International Lithium Plans PEA on Rubidium Resource at Raleigh Lake Project, CEO Says

John Wisbey, CEO of International Lithium (TSXV:ILC), discusses the company's strategic sale of its Irish lithium property, progress on the Raleigh Lake lithium-rubidium project in Canada and expansion efforts in Zimbabwe.

Latest Press Releases

Related News

×