STM.ASX: Sunstone raises $10M in share placement

Sunstone raises $10M in share placement

Stock	Sunstone Metals Ltd (STM.ASX)
Release Time	29 Jun 2026, 9:56 a.m.
Price Sensitive	Yes

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Sunstone raises $10M in share placement

Key Points

Sunstone has raised $10 million through a share placement
DGR Global has committed to subscribe for 50% of the Placement
DGR will have a 10% stake in Sunstone and a board representative
Proceeds will fund exploration and operations at Bramaderos and El Palmar
Placement priced at $0.175 per share, a 14.6% discount

Full Summary

Sunstone Metals Ltd (ASX:STM) has successfully completed a $10 million equity raising via a share placement, with strategic investor DGR Global (ASX:DGR) subscribing for 50% of the Placement. This investment will result in DGR holding a 10% stake in Sunstone and having the right to appoint a representative to Sunstone's Board. The Placement was priced at $0.175 per share, representing a 14.6% discount to the last closing price. The proceeds will be used to fund exploration drilling at Sunstone's Bramaderos and El Palmar gold-copper projects in Ecuador, undertake metallurgical test work, increase ownership of El Palmar, pay concession fees, and provide working capital. DGR's involvement is expected to support Sunstone's growth initiatives and strengthen its ability to expand resources and discover new opportunities.