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BUZZ-Australia's Metallium falls on discounted placement

Reuters01-21

BUZZ-Australia's Metallium falls on discounted placement

** Shares of Metallium MTM.AX fall 5.4% to A$0.87, their steepest one-day fall in more than two weeks

** The critical metals miner raises A$75 million ($50.48 million) at A$0.84

** Issue price is at a discount of 8.7% to stock's last close

** Stock up 309% in 2025

($1 = 1.4857 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.Shaikh@thomsonreuters.com;))

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