Red Metal spins out Maronan share bounty for holders

Red Metal Limited announced a major in-specie distribution of its Maronan Metals shares for shareholders on May 14. Eligible investors will receive one Maronan share for every 5.25 Red Metal shares held, pending approval. This move aims to unlock value for both companies and allows Red Metal to focus on its Sybella rare earths project.

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Summary by Glance · Original reporting by The Age