Ann: Eclipse Launches Entitlement Offer to Raise Up To $1.14m, page-15

I think this rights issue will be talked about for years to come.

If you deep dive into the 2024 Annual Report - it states 999 are unmarketable parcels - so that is about 1,116 with marketable parcels.
Probably Top 200 participating to some degree.

Only seen 6M shares turned over since the announcement, and record date is tomorrow 4pm; but that's technically at the auction close so 4:10pm.
Any new punters don't really have much time to gauge the upside / downside etc.

Funding seems to emphasize the drill analysis - it's plausible there could be more cores being sent to Sweden imo.
Shareholder expectation is expand the existing JORC, which so far has only scrapped the surface.

I would be guessing/hoping we'd finally attract more investors if it is reasonable increase.
This will be an important stepping stone to the 1B exploration target stated a few times, a target that would hopefully be funded through some support package (close to two years now waiting for the EU - but seems all the work has been done etc, site visit, strategic application.
Both Minvest and EU CRMA need to fire up soon; we certainly can't rely on the Australian govt, the public purse is already funding the likes of Arafura and Iluka.
This culminates to European SWFs, and they only invest under strict ESG requirements, which forms part of the EU CRMA strategic application.

I think the uranium inclusion is missed this round - so it's more or less Jun/July 2025 inclusion to URA as the next set of timing.