ASX
221 days, 11 hours ago 
PRS
Prospech Limited
Korsnas REE Inferred Resource Estimate Further Information
Prospech Ltd. reports an initial JORC Inferred Mineral Resource Estimate of 7.1Mt @ 1.1% TREO at its Korsnas project, alongside an Exploration Target of 10-12Mt @ 1.0-1.2% TREO.
ASX
221 days, 14 hours ago 
PRS
Prospech Limited
Receipt of EU REMHub Funding for Korsnas Project
Prospech Limited has received the first tranche of funding, approximately A$346,000, from the European Commission's REMHub project for its Korsnäs REE project.
ASX
226 days, 13 hours ago 
PRS
Prospech Limited
Korsnas REE Inferred Resource Estimate
Prospech Limited announced an initial inferred mineral resource estimate of 7.1 million tonnes at 1.08% TREO at its Korsns REE project in Finland, with an additional exploration target of 10-12 million tonnes at 1.0-1.2% TREO.
ASX
227 days, 15 hours ago 
PRS
Prospech Limited
Application for quotation of securities - PRS
Prospecch Limited (PRS) applied for quotation of 26,198,132 ordinary fully paid shares on the ASX, issued as part of a previously announced rights issue, priced at AUD 0.03 each.
ASX
228 days, 11 hours ago 
PRS
Prospech Limited
Completion of Rights Issue
Prospech Limited successfully completed its rights issue, raising $785,944 by issuing 26,198,132 new shares, exceeding initial expectations.
Better than expected
 
ASX
245 days, 13 hours ago 
PRS
Prospech Limited
Presentation to Noosa Mining Conference
Prospech Limited (ASX:PRS) announced a capital raising of up to \$2.2 million to fund exploration at its Korsns REE project in Finland and Slovakian projects, supported by positive drilling results and a favorable commodity outlook.
Better than expected
 
Capital raise
 
ASX
249 days, 13 hours ago 
PRS
Prospech Limited
Heavy REEs Terbium and Dysprosium from Korsnas
Prospech Limited announced highly encouraging assay results from its Korsns project in Finland, revealing significant intersections of heavy rare earth elements (HREEs) terbium and dysprosium, crucial for high-strength magnets used in green technologies.
Better than expected
 
ASX
253 days, 13 hours ago 
PRS
Prospech Limited
Extension to Rights Issue Closing Date
Prospech Limited extends the closing date of its rights issue to November 26th, 2024, to allow shareholders more time to participate following the release of positive assay results from the Korsns project.
Capital raise
 
ASX
256 days, 13 hours ago 
PRS
Prospech Limited
More Impressive Assay Results from Korsnas
Prospech Limited announced highly encouraging assay results from its Korsns project in Finland, revealing significant intersections of high-grade rare earth elements (REEs), bolstering the foundation for a future JORC-compliant resource estimate.
Better than expected
 
ASX
262 days, 13 hours ago 
PRS
Prospech Limited
Opening of Rights Issue
Prospech Limited's rights issue, offering approximately 75.6 million shares at $0.03 each to raise up to $2.27 million, is now open to eligible shareholders.
ASX
269 days, 14 hours ago 
PRS
Prospech Limited
Entitlement Offer Presentation
Prospech Limited (ASX:PRS) announced a capital raising of up to \$2.2 million to fund exploration at its Korsns REE project in Finland and Slovakian projects, following positive drill results and a recent EU grant.
Better than expected
 
Capital raise
 
ASX
270 days, 13 hours ago 
PRS
Prospech Limited
Prospectus
Prospech Limited (ASX: PRS) is offering Eligible Shareholders approximately 75.7 million new shares at $0.03 each to raise up to $2.27 million before costs.
Worse than expected
 
Capital raise
 
ASX
270 days, 14 hours ago 
PRS
Prospech Limited
$2.3M Non-Renounceable Rights Issue
Prospech Limited announces a $2.3 million non-renounceable rights issue to fund exploration and working capital, with shares offered at $0.03 each.
Capital raise
 
ASX
275 days, 14 hours ago 
PRS
Prospech Limited
Korsnas Diamond Core Drilling 5.1% TREO Intercept
Prospech Limited announced highly encouraging assay results from its Korsns project in Finland, revealing high-grade rare earth element (REE) intercepts exceeding expectations, including a spectacular 5.1% TREO intercept in hole KR-309.
Better than expected
 
ASX
302 days, 12 hours ago 
PRS
Prospech Limited
Korsnas REE Project Drilling and Metallurgy Update
Prospech Limited completed its first modern-era diamond drilling program at the Korsns REE project in Finland, exceeding 1,000 meters and advancing metallurgical test work, supported by a €432,250 EU grant.
Better than expected
 
ASX
308 days, 10 hours ago 
PRS
Prospech Limited
Half Year Accounts
Prospech Limited's interim financial report for the half-year ended June 30, 2024, reveals a loss of $1.15 million, driven by exploration and evaluation expenses, but highlights significant high-grade rare earth element assay results in Finland and exploration license grants in Slovakia.
Worse than expected
 
Capital raise
 
ASX
310 days, 12 hours ago 
PRS
Prospech Limited
Korsnas REE Concentrate Stockpile Assay Results
Prospech Limited announced excellent assay results from its Korsnäs REE project in Finland, revealing a high-grade lanthanide concentrate stockpile with an average TREO grade of 2.55% and significant NdPrO enrichment.
Better than expected
 
ASX
311 days, 13 hours ago 
PRS
Prospech Limited
EU REMHub Funding Granted for the Korsnas Project
Prospech Limited (ASX: PRS) announced that its subsidiary, Bambra Oy, secured a €432,250 (~A$718,000) grant from the EU's REMHub project to support exploration at its Korsnäs REE project in Finland, contributing to Europe's critical minerals supply chain.
Better than expected
 
ASX
359 days, 11 hours ago 
PRS
Prospech Limited
Quarterly Activities/Appendix 5B Cash Flow Report
Prospech Limited reported promising high-grade rare earth element assays, including significant neodymium-praseodymium enrichment, from historical drill core at its Korsnäs project in Finland and successfully raised $1.1 million to fund upcoming exploration.
Better than expected
 
Capital raise
 
ASX
359 days, 11 hours ago 
PRS
Prospech Limited
Additional Information on Slovak Projects Update
Prospech Limited provides additional information on historical estimates related to the Zlatno copper-gold project in Slovakia, following a request from the ASX regarding compliance with listing rules.
ASX
364 days, 11 hours ago 
PRS
Prospech Limited
Slovak Projects Update
Prospech Limited (ASX: PRS) announces progress on its Slovak projects, including the granting of the Zlatno exploration license and drill approvals for the Pukanec gold-silver project.
ASX
379 days, 13 hours ago 
PRS
Prospech Limited
Korsnas - Further High-Grade REE Hardrock Assays
Prospech Limited announces high-grade Rare Earth Element (REE) assay results from historic drill holes at the Korsns project in Finland, highlighting significant Total Rare Earth Oxides (TREO) intersections.
ASX
381 days, 13 hours ago 
PRS
Prospech Limited
Korsnas REE Concentrate Stockpile Sampling Completed
Prospech Limited announces the completion of auger sampling of the Lanthanide concentrate stockpile at its Korsns REE project in Finland, following positive assay results from drilling of the Tailings Storage Facility (TSF).
ASX
393 days, 12 hours ago 
PRS
Prospech Limited
Korsnas TSF Exploration Target
Prospech Limited announces an Exploration Target at the Korsns Tailings Storage Facility (TSF) in Finland, based on assay results indicating significant Rare Earth Element (REE) potential.
ASX
396 days, 12 hours ago 
PRS
Prospech Limited
Successful Completion of Capital Raising
Prospech Limited successfully completes a capital raising of $1,071,808 through a placement of shares to sophisticated investors.
ASX
400 days, 13 hours ago 
PRS
Prospech Limited
Trading Halt
Prospech Limited (ASX: PRS) has requested a trading halt pending an announcement regarding a material capital raising.
Capital raise
 
ASX
421 days, 10 hours ago 
PRS
Prospech Limited
Change of Share Registry Address
Prospech Limited announces a change of address for its share registry, Computershare Investor Services Pty Limited, effective May 23, 2024.
ASX
423 days, 10 hours ago 
PRS
Prospech Limited
Results of Annual General Meeting
Prospech Limited's Annual General Meeting saw the successful passage of all resolutions, including the adoption of the Remuneration Report and the re-election of Stephen Gemell and Thomas Mann as Directors.
ASX
431 days, 12 hours ago 
PRS
Prospech Limited
Excellent Korsnas TSF Assay Results - 29% NdPr Enrichment
Prospech Limited announces promising assay results from the Korsns Tailings Storage Facility, showing high concentrations of rare earth elements with significant neodymium and praseodymium enrichment.
Better than expected
 
ASX
436 days, 11 hours ago 
PRS
Prospech Limited
Presentation to Investors
Prospech Limited is focused on defining a Rare Earth Element (REE) resource at its Korsns project in Finland, leveraging historical data and recent drill sampling.
ASX
450 days, 10 hours ago 
PRS
Prospech Limited
Quarterly Activities/Appendix 5B Cash Flow Report
Prospech Limited reports promising assay results from its Korsns REE project in Finland, highlighting high-grade rare earth element intersections and potential strike extensions, while also managing expenditures and planning future exploration activities.
Better than expected
 
Capital raise
 
ASX
455 days, 11 hours ago 
PRS
Prospech Limited
Notice of Annual General Meeting/Proxy Form
Prospech Limited announces its Annual General Meeting to be held on May 21, 2024, in Sydney, addressing financial statements, director re-elections, and ratification of prior share issues.
ASX
477 days, 13 hours ago 
PRS
Prospech Limited
Annual Report to Shareholders
Prospech Limited reports significant achievements in 2023, including the acquisition of Bambra Oy and promising REE assay results from the Korsnäs project, positioning the company to capitalize on the EU's push for local critical mineral supply.
Worse than expected
 
Delay expected
 
Capital raise
 
ASX
479 days, 14 hours ago 
PRS
Prospech Limited
Korsnas - Further Spectacular Assay Results
Prospech Limited announces further high-grade Total Rare Earth Oxides (TREO) assay results from historic drill holes at the Korsns project in Finland, extending known structures and highlighting significant depth and strike potential.
Better than expected
 
ASX
492 days, 13 hours ago 
PRS
Prospech Limited
Korsnas TSF - Drilling Completed for REE
Prospech Limited completes drilling at the Korsns Mines Tailings Storage Facility (TSF) for rare earth elements (REE) in Finland, with promising initial sampling results and plans for further resource estimation and metallurgical testing.
PRS 
Prospech Limited 
ASX

Trading Halt

Sentiment:
 Trading Halt Request
 26 May 2025 7:21 PM

Prospech Limited has requested a trading halt for its securities on the ASX, pending an announcement regarding a material capital raising.

Capital raise
  Prospech Limited expects to make an announcement regarding a material capital raising.  The trading halt is specifically requested to facilitate this capital raising announcement. 

Summary
  • Prospech Limited (ASX: PRS) has requested a trading halt for its ordinary shares, effective May 27, 2025.
  • The halt is requested to facilitate an announcement concerning a material capital raising.
  • The securities are expected to remain in trading halt until the earlier of the announcement's release or the commencement of normal trading on Thursday, May 29, 2025.
Sentiment

Score: 6

Explanation: While a trading halt itself is neutral, the reason for a material capital raise can be viewed moderately positively as it indicates proactive financial management and potential for growth or stability, though the specifics are yet to be disclosed.

Positives
  • The company is proactively managing market disclosure by requesting a trading halt before a material announcement.
  • A material capital raising could strengthen the company's balance sheet or fund future growth initiatives.
Negatives
  • The need for a material capital raising could indicate a requirement for significant additional funding beyond current operational cash flow.
Risks
  • Uncertainty regarding the terms, size, and success of the material capital raising could impact investor sentiment.
  • The specific use of proceeds from the capital raising is currently unknown, posing a risk if not deployed effectively for value creation.
Future Outlook

The company anticipates making a significant announcement regarding a material capital raising, which will shape its future financial structure and potential growth trajectory.

Management Comments
  • Prospech is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.
Industry Context

This trading halt for a capital raise is a common procedural step for companies seeking to secure significant funding, allowing for an orderly market before material information is released and preventing speculative trading.

Stakeholder Impact
  • Shareholders will experience a temporary suspension in trading of their shares.
  • The outcome of the capital raising will directly impact the company's financial health and future prospects, potentially affecting shareholder value.
  • Employees and suppliers may see increased stability or opportunities if the capital raise is successful and supports growth.
Next Steps
  • The company is expected to release an announcement regarding the material capital raising.
  • The trading halt will conclude either upon the release of this announcement or by the commencement of trading on May 29, 2025.
Key Dates
  • 2025-05-27: Prospech Limited's securities placed in trading halt at the company's request.
  • 2025-05-29: Expected end date of the trading halt, or earlier if the announcement is released.
Keywords
Prospech Limited, PRS, trading halt, capital raising, ASX, equity raise, financial announcement, investment
PRS 
Prospech Limited 
ASX
Sector: Materials
 
Filings with Classifications
Better than expected
22 June 2025 7:48 PM
Exploration Update
  • The detection of gold in historically discarded core, despite modest grades, indicates a previously overlooked significant gold potential within the Zlatno project, which is a positive surprise.
Worse than expected
28 May 2025 7:18 PM
Regulatory Compliance Update
  • The results were worse because specific disclosures in a previous presentation were found to be non-compliant with ASX Listing Rules 5.12 or 5.7 and had to be retracted, which negatively impacts investor confidence.
Capital raise
28 May 2025 7:18 PM
Regulatory Compliance Update
  • Future drilling at the Hodrua-Hmre project in Slovakia is explicitly stated as being subject to securing additional funding, indicating a potential need for capital.
Capital raise
26 May 2025 7:21 PM
Trading Halt Request
  • Prospech Limited expects to make an announcement regarding a material capital raising.
  • The trading halt is specifically requested to facilitate this capital raising announcement.
Capital raise
6 May 2025 8:52 PM
Company Presentation
  • The company is considering joint venture partners in Slovakia, which may imply a potential need for additional funding or capital.
Better than expected
28 April 2025 2:49 AM
Resource Estimate Update
  • The company reported a 90% increase in the updated JORC Code 2012 Inferred Mineral Resource Estimate (MRE) at the Korsns project.
Capital raise
27 April 2025 7:52 PM
Quarterly Activities Report
  • The Company intends undertaking a capital raising post the Companys Annual General Meeting on 7 May 2025 and is in discussing with a number of parties about this.
  • The Company and Directors have an established record of being able to raise successfully.
Better than expected
27 April 2025 7:52 PM
Quarterly Activities Report
  • The Inferred Mineral Resource Estimate at Korsns REE project increased by 90% to 13.5Mt @ 1.02% TREO, which is a significant improvement.
Better than expected
21 April 2025 7:58 PM
Resource Estimate Update
  • The Inferred Mineral Resource Estimate increased by 90% compared to the previous estimate.
Capital raise
3 April 2025 7:22 PM
Notice of Annual General Meeting
  • The company is seeking approval for additional capacity to issue equity securities up to 10% of its issued capital under ASX Listing Rule 7.1A.
  • The company intends to use any funds raised under such an issue for continued exploration and evaluation of the Company's exploration projects and general working capital.
Capital raise
26 March 2025 1:14 AM
Annual Results
  • Management have prepared cash flow projections for the period from 1 January 2025 to 31 March 2026 that indicate the Group is able to continue as a going concern.
  • These cash flow projections assume the Group continues substantial exploration activities in the areas of interest and that additional funding from shareholders or other parties will be obtained.
Worse than expected
26 March 2025 1:14 AM
Annual Results
  • The company reported a loss for the year ended 31 December 2024 of $1,820,276 (2023 $1,600,611).
Better than expected
17 March 2025 6:55 PM
Exploration Update
  • The assay results are better than expected due to the confirmation of high-grade REE mineralization continuity and extent.
Better than expected
26 February 2025 5:06 PM
Exploration Update
  • The assay results are better than expected due to the confirmation of high-grade REE zones and the discovery potential within the old mine area.
Better than expected
19 February 2025 5:43 PM
Exploration Update
  • The assay results indicate higher grades and continuity of REE mineralization than previously known, suggesting a potentially larger and more valuable resource.
Better than expected
6 February 2025 5:02 PM
Exploration Update
  • The assay results confirm the strongest mineralized intercepts seen to date, reinforcing the continuity of high-grade zones.
Capital raise
22 January 2025 5:57 PM
Quarterly Activities Report
  • The company has until 26 February 2025 to place the Shortfall from the Rights Issue which completed on 26 November 2024.
  • The company anticipates receiving up to a further 223,330 (~A$372,000) of European Union grant funding.
Better than expected
5 January 2025 5:57 PM
Exploration Update
  • The document highlights a significant increase in hafnium prices, making the project more economically viable than previously anticipated.
  • Historical drill results indicate promising hafnium grades, exceeding the economically interesting benchmarks.
Better than expected
1 December 2024 7:44 PM
Rights Issue Completion Announcement
  • The rights issue exceeded expectations by raising $785,944, surpassing the likely minimum target needed for the project.
Better than expected
14 November 2024 5:58 PM
Exploration Update
  • The drilling results at the Korsns project exceeded expectations, with high-grade REE intersections reported.
Capital raise
14 November 2024 5:58 PM
Exploration Update
  • Prospech is raising up to \$2.2 million through a rights issue and placement.
  • The funds will be used to fund exploration and evaluation expenditure at the Korsns REE project and Slovakian projects.
Better than expected
10 November 2024 5:58 PM
Exploration Update
  • The assay results significantly exceeded expectations, revealing higher-than-anticipated grades of terbium and dysprosium, crucial HREEs for high-strength magnets.
Capital raise
6 November 2024 5:52 PM
Rights Issue Update
  • The rights issue is a form of capital raising.
Better than expected
3 November 2024 5:35 PM
Exploration Update
  • The assay results significantly exceeded expectations, revealing high-grade REE intersections that were previously unknown due to the historical focus on lead mining.
Capital raise
21 October 2024 5:46 PM
Investor Presentation
  • Prospech is undertaking a non-renounceable rights issue of 1 for 4 shares and a placement to raise up to \$2.2 million.
  • The funds will be used for exploration and evaluation expenditure at the Korsns REE project in Finland and Slovakian projects.
Better than expected
21 October 2024 5:46 PM
Investor Presentation
  • Drill results at the Korsns project exceeded expectations, validating historical data and supporting resource estimation.
Worse than expected
20 October 2024 6:31 PM
Prospectus
  • The company's half-year report shows a net loss of $1,148,899 and cash on hand of only $1,127,433, indicating a precarious financial position and raising concerns about its ability to continue as a going concern.
Capital raise
20 October 2024 6:31 PM
Prospectus
  • The company may require future additional funding to continue both existing and proposed activities.
  • Raising additional capital may be dilutive to existing shareholders.
Capital raise
20 October 2024 6:19 PM
Capital Raising Announcement
  • Prospech Limited is undertaking a $2.3 million non-renounceable rights issue.
  • The issue price is $0.03 per share.
Better than expected
15 October 2024 5:55 PM
Exploration Update
  • The assay results significantly exceeded expectations, with high-grade REE intercepts surpassing previous estimates and revealing substantial enrichment in high-value magnet REEs.
Better than expected
18 September 2024 7:36 PM
Exploration Update
  • The successful completion of over 1,000 meters of drilling and the securing of a significant EU grant exceeded expectations for the project's progress.
Worse than expected
12 September 2024 9:49 PM
Interim Financial Report
  • The company reported a loss of $1,148,899 for the period, indicating worse than expected financial performance.
Capital raise
12 September 2024 9:49 PM
Interim Financial Report
  • The company completed a placement to raise $1,071,808 for further drilling, resource definition, metallurgical test work at the Korsns project in Finland, and potential drilling at the Pukanec gold-silver project in Slovakia.
Better than expected
10 September 2024 7:40 PM
Exploration Update
  • The assay results significantly exceeded expectations, revealing a much higher grade of TREO and NdPrO than initially anticipated, enhancing the project's economic viability.
Better than expected
9 September 2024 7:16 PM
Grant Announcement
  • The securing of a substantial EU grant for the Korsnäs project is a positive development, exceeding expectations and demonstrating the project's merit within the European critical minerals strategy.
Better than expected
23 July 2024 8:49 PM
Quarterly Activities Report
  • The company reported multiple high-grade REE intercepts with strong NdPr enrichment from historical core sampling at Korsnäs, exceeding typical exploration expectations.
  • An initial Exploration Target was successfully established for the Korsnäs TSF, adding potential scale to the project.
  • The company successfully completed a capital raise, securing funding for near-term exploration activities.
Capital raise
23 July 2024 8:49 PM
Quarterly Activities Report
  • The company noted its estimated funding availability is 1.5 quarters based on current expenditure.
  • Prospech anticipates receiving further funding from the exercise of 71,668,343 options at $0.04, expiring in April 2025.
  • The company stated it will also be examining alternative funding options.
Capital raise
12 June 2024 7:15 PM
Trading Halt Request
  • Prospech expects to make an announcement regarding a material capital raising.
Better than expected
12 May 2024 7:37 PM
Exploration Update
  • The assay results show a higher average TREO (6,465 ppm) compared to the grab samples taken last year (4,139 ppm).
Better than expected
23 April 2024 9:58 PM
Quarterly Activities Report
  • The assay results from Korsns REE project show better than expected high-grade rare earth element intersections.
Capital raise
23 April 2024 9:58 PM
Quarterly Activities Report
  • The Company is in discussions with a number of brokers with a view to raising further funds following the completion and announcement of a substantial number of drill core assay results which are, as previously reported, pending.
Capital raise
27 March 2024 6:58 PM
Annual Results
  • The ongoing operations of the Group are dependent upon the Group raising additional funding from shareholders or other parties or reducing discretionary expenditure in line with available funding.
Delay expected
27 March 2024 6:58 PM
Annual Results
  • The drill program at Kolba was terminated due to mechanical failure and inadequate core recovery.
Worse than expected
27 March 2024 6:58 PM
Annual Results
  • The company reported a net loss of $1,600,611 for the year ended 31 December 2023, which is worse than the previous year's loss of $1,750,601.
Better than expected
25 March 2024 6:09 PM
Exploration Update
  • The assay results show higher grades of TREO, including NdPr oxide, than previously anticipated, indicating a better-than-expected potential for the Korsns project.

Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.