Southern Palladium surges after securing funding to ramp up PGM project
One of the company’s largest shareholders invests a further A$4.6m to accelerate mine development
12 June 2025 - 18:11
Shares in junior Australian miner Southern Palladium soared 33% on Thursday after the group raised about R100m to accelerate the development of its Bengwenyama platinum group metals (PGM) project in SA.
The group on Thursday said it had received commitments for a placement of 16-million new fully paid ordinary shares at A$0.50 per share to raise A$8m before costs...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.