SHN.ASX: Share Purchase Plan closes with overwhelming support

Share Purchase Plan closes with overwhelming support

Stock	Sunshine Metals Ltd (SHN.ASX)
Release Time	28 May 2026, 9:08 a.m.
Price Sensitive	Yes

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Sunshine Metals Ltd SPP Closes with Overwhelming Support

Key Points

SPP closes with $7,695,000 in applications
284,999,876 new shares issued
Funds to support Mt Moss and Liontown projects

Full Summary

Sunshine Metals Ltd is pleased to announce the successful closure of its Share Purchase Plan (SPP) with total applications reaching $7,695,000, surpassing the initial $3 million target. The company will issue 284,999,876 new shares, providing the necessary capital to advance its Mt Moss gold processing facility construction and the Liontown Mine start-up. The Board has decided not to scale back the participation despite the oversubscription. The proceeds, combined with a recent $19 million Share Placement, will fund the acquisition of Mt Moss and support exploration and resource development activities. The company also highlights that all eligible Non-Executive Directors have fully utilized their allotment, demonstrating strong shareholder alignment.