Herbert Smith Freehills Kramer Advised 29Metals On A$150 Million Capital Raise

Herbert Smith Freehills Kramer Advises 29Metals On A$150 Million Capital Raise

Herbert Smith Freehills Kramer (HSF Kramer) is pleased to have advised 29Metals Limited (ASX:29M) (29Metals) on the successful launch of a A$150 million capital raise, conducted by way of a fully underwritten, accelerated pro rata non-renounceable entitlement offer.

29Metals is a copper-focussed mining company that has operations in Queensland and Western Australia. The proceeds from the raise will allow 29Metals to continue to invest in its Gossan Valley site in Western Australia, to recommence production from Xantho Extended, which was impacted by seismic events in late 2025, to progress towards a restart of operations at its Capricorn Copper site in Queensland, and to accelerate drilling to test priority exploration targets across its portfolio.

Rebecca Maslen-Stannage said, “It was a pleasure to advise 29Metals on this important transaction to help the company achieve its strategic goals. It was great to have a chance to work with the 29Metals team again. They are dedicated, practical and passionate about the company and we are proud that we could help them on this strategically important transaction.”

The HSF Kramer team was led by Rebecca Maslen-Stannage (Senior Partner), and included Samuel Moran (Senior Associate), and Alice Barber (solicitors) and Anna Forrest (solicitors).

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