Impact Minerals Limited (ASX: IPT) (“Impact” or “the Company”) has launched a renounceable rights issue to raise up to $5.2 million. The Company announced this today, 28 February 2025, highlighting a discounted offer for shareholders and a strategic plan to advance its major projects.
Figure 1: Impact Minerals’ Lake Hope HPA Project
A Strategic Move to Fund Growth
Impact Minerals will offer eligible shareholders a 2-for-7 renounceable rights issue at $0.006 per share. This price represents a 33% discount to the last closing price of $0.009 and a 43.4% discount to the 90-day VWAP of $0.0106.
For every two new shares subscribed, shareholders will receive one free attaching option with an exercise price of $0.015 and a 2.5-year term. The Company will apply for ASX quotation of these new shares and options.
Chairman Peter Unsworth emphasised the significance of this capital raising.
“This equity raising marks a pivotal moment for the Company and its shareholders. The Lake Hope Pre-Feasibility Study is now in its final phase. While some test work was delayed, the results have been strong. With these in hand, we can complete the study and move towards commercialisation,” he said.
Mr. Unsworth stressed that this is the first time since acquiring the Lake Hope High Purity Alumina (HPA) Project that an equity raising has been extended to all shareholders.
“We want all shareholders—not just professional and sophisticated investors—to have the chance to participate in this critical phase. We believe this is the fairest way to support our loyal shareholders as we move forward.”
Key Dates for Investors
The rights trading period starts on 4 March 2025, and the record date for eligibility is 5 March 2025. Investors can participate by purchasing shares before the market closes on 4 March 2025.
| Event | Date |
| Offer announced, Prospectus lodged | 28 February 2025 |
| Ex-Date | 4 March 2025 |
| Rights trading commences | 4 March 2025 |
| Record Date | 5 March 2025 |
| Offer opens | 7 March 2025 |
| Rights trading ends | 14 March 2025 |
| Closing Date (5 pm AWST) | 21 March 2025 |
| Results announced | 28 March 2025 |
Eligible shareholders will receive a prospectus and entitlement form after the record date (5 March 2025).
Raising Funds for High-Impact Projects
Impact Minerals plans to use the raised funds for:
- Lake Hope High Purity Alumina (HPA) Project – The pre-feasibility study is in its final stage, with an update coming soon.
- Arkun Project – The Company received a $180,000 grant from the WA Government’s Exploration Incentive Scheme (EIS). Soil geochemistry data is being analysed.
- Broken Hill Project – Ongoing exploration and development activities.
- General working capital and offer-related expenses.
Mr. Unsworth highlighted the undervaluation of Impact Minerals despite strong progress at Lake Hope.
“Over the past eight months, our share price has declined with the broader junior resources market. However, our fundamentals remain strong. This Rights Issue allows shareholders to increase their exposure at a highly attractive discount as we move towards production.”
Shareholder Participation and Trading Rights
The Rights Issue is open to eligible shareholders in Australia, New Zealand, and Germany who hold shares by 5 March 2025.
Shareholders can:
- Trade their rights on the ASX from 4 March 2025.
- Apply for additional shares and options beyond their entitlement.
- Participate in the shortfall offer if any shares remain unsubscribed.
The Rights Issue is partially underwritten to $1 million by Mahe Capital Pty Ltd, the lead manager and underwriter.
Directors have also indicated their intention to participate, reinforcing their confidence in the Company’s future.
What’s Next for Impact Minerals?
The Company believes this capital raise positions it for the next stage of growth. The Board is focused on progressing its Lake Hope HPA Project, which has significant potential in a growing market.
Impact Minerals encourages shareholders to review the prospectus and consider participating in the Rights Issue.
Investors should act quickly, as the offer closes on 21 March 2025, unless extended.
For more details, visit Impact Minerals’ website or check the ASX announcements.
Impact Minerals’ Vision for Lake Hope: A Global Player in High-Purity Alumina
In a recent interview with Colitco News Network, Dr Mike Jones, Managing Director of Impact Minerals, highlighted the Company’s ambitious plans for its flagship Lake Hope Project. With a focus on high-purity alumina (HPA), the project is poised to play a vital role in the global critical minerals supply chain, particularly in electric vehicles, semiconductors, medical ceramics, and sapphire glass manufacturing.
Figure 2: Dr. Mike Jones shared Impact Minerals’ vision for the Lake Hope Project in an interview with Colitco News Network [Colitco/YouTube]
Dr Jones emphasised that HPA is not a high-volume commodity, but its unique thermal and chemical stability makes it indispensable in many industries. Unlike traditional HPA producers that rely on chemical feedstocks, Lake Hope utilises a natural feedstock, significantly reducing processing costs. The deposit, located in Western Australia, consists of a shallow mineralisation layer, allowing for low-cost, low-impact mining.
Impact Minerals aims to bring Lake Hope into production within five years, a remarkably short timeline compared to other mining projects. The Company’s approach—leveraging a straightforward mining process, innovative acid regeneration technology, and strategic partnerships with CPC Engineering and Edith Cowan University—positions it as a competitive HPA producer. Investors can anticipate a pre-feasibility study by early 2025, offering financial insights into this promising venture.
Investor’s Outlook
Impact Minerals (ASX: IPT) has seen increased investor interest leading up to today’s announcement. The Company’s last traded price stands at $0.008, reflecting a steady position in anticipation of the upcoming rights issue.
Market Performance
- Market Capitalisation: $27.53 million
- 52-Week Range: $0.007 – $0.026
- Shares on Issue: 3,059,433,718
Surging Trading Volume Signals Market Attention
Recent trading activity suggests growing investor confidence, with a sharp spike in volume today (28 February 2025).
| Date | Trading Volume |
| 24 Feb | 101.1 thousand |
| 25 Feb | 1.4 million |
| 26 Feb | 708.3 thousand |
| 27 Feb | 2.5 million |
| 28 Feb | 11.9 million (highest in 5 days) |
This fivefold increase in trading volume compared to previous days suggests strong investor interest in the discounted capital raising and upcoming project developments.
Figure 3: 5-Day trading volume of Impact Minerals (ASX: IPT)
With shares trading near the lower end of the 52-week range ($0.007 – $0.026), investors may see this as a strategic entry point, especially given the Company’s progress at Lake Hope and exploration plans at Arkun and Broken Hill.
Key Takeaway for Investors
- The discounted Rights Issue at $0.006 per share offers an opportunity to enter at a 33% discount to the last closing price.
- The free attaching option (exercise price: $0.015, 2.5-year term) adds further upside potential.
- Market activity is increasing, with today’s trading volume at its highest in five days.
- The Board believes the company is undervalued, with strong fundamentals and a clear growth roadmap.
With the record date on 5 March 2025, investors looking to participate in the offer should consider acquiring shares before the ex-date of 4 March 2025.
