OD6 Metals has announced firm commitments from new and existing institutional, sophisticated and professional investors for a placement expected to raise approximately A$6.92 million. The company plans to issue 72,842,106 shares at A$0.095 each under the placement.
According to OD6, proceeds are intended to support maiden drilling and bulk sampling at Quinn, subject to USFS approval, as well as assaying, metallurgical testwork, resource modelling, geophysics and permitting. Funds are also allocated to the cash component of deferred Quinn acquisition consideration, potential evaluation or acquisition of additional fluorspar and critical minerals projects, and working capital.
OD6 said settlement of placement shares is scheduled for 9 October 2026, with allotment and quotation scheduled for 12 October 2026. The company said Quinn remains under-drilled and that it is progressing approvals for maiden drilling and bulk sampling programs.
Source: Download OD6 official ASX announcement, 2026-10-05.
Announcement page from OD6 Metals Ltd’s ASX announcement dated 5 October 2026.