- Omnia Metals (OM1) shares have fallen since it began trading on the ASX last week
- The company’s shares started trading at 18 cents on the ASX last Wednesday under the ticker code OM1. Since then, they have fallen to 16.5 cents
- Its initial public offering saw the company raise $4.5 million by issuing 22.5 million shares at 20 cents each
- The proceeds of the offer will be used to undertake exploration on its project, general working capital, and to cover expenses of the offer
- Shares closed 2.94 per cent lower today at 16.5 cents each
Omnia Metals (OM1) shares have fallen since it began trading on the ASX last week.
The company’s shares started trading at 18 cents on the ASX last Wednesday under the ticker code OM1. Since then, they have fallen to 16.5 cents.
Omnia focuses on exploring future-facing commodities for use in advanced technologies, with a focus on nickel, platinum group elements and copper.
Its initial public offering saw the company raise $4.5 million by issuing 22.5 million shares at 20 cents each.
The proceeds of the offer will be used to undertake exploration on its project, general working capital, and to cover expenses of the offer.
Its Ord Basin project is where the company will centre its exploration, which is prospective for Norilsk-style nickel-copper PGE and stratigraphic copper mineral systems.
Omnia’s strategy at the project is to complete high-powered electromagnetic and ground gravity geophysical surveys.
This will be complemented by regional geochemical sampling, to delineate high priority drill targets.
Shares closed 2.94 per cent lower today at 16.5 cents each.