Pursuit Minerals: A$7m Placement

We are delighted to announce that PAC Partners has acted as Lead Manager to Pursuit Minerals Limited (ASX:PUR) ("Pursuit") on its A$7.0 million Placement.

‍
We are delighted to announce that PAC Partners has acted as Lead Manager to Pursuit Minerals Limited (ASX:PUR) ("Pursuit") on its A$7.0 million Placement.

Pursuit is an Argentina-focused developer. Its flagship Rio Grande Sur Lithium Project in Salta Province is the subject of a Pre-Feasibility Study targeting an initial 5,000 tonne-per-annum lithium carbonate operation, and the company's 250tpa pilot plant has produced 99.5%-purity lithium carbonate. Pursuit also holds the Sascha Marcelina Gold-Silver Project in Santa Cruz Province, within the Deseado Massif.

The Placement comprised 73,684,211 new shares at A$0.095 per share, announced on 2 February 2026. Tranche 1 of 46,947,370 shares, raising A$4.46 million, was issued on 6 February 2026 under Pursuit's existing placement capacity. Tranche 2 of A$2.54 million followed shareholder approval at the General Meeting on 24 March 2026, where all resolutions were passed.

The raising builds on the oversubscribed A$4.04 million placement PAC Partners led for Pursuit in October 2025, which funded the acquisition of the Sascha Marcelina project. Across the two raisings, PAC Partners has helped Pursuit secure more than A$11 million to advance its lithium and gold-silver projects in Argentina.

PAC Partners congratulates Managing Director and CEO Aaron Revelle and the Pursuit team on a successful raising.