Southern Palladium pursues share quotation and secures A$8m

Southern Palladium (JSE: SDL) has released an Appendix 2A application for quotation of shares, concurrently announcing the completion of a A$8 million placement to accelerate development at the Bengwenyama PGM project. The placement involves the allotment of 16,000,000 ordinary fully paid shares at A$0.50 per share. These newly issued shares will rank equally with existing ordinary shares of Southern Palladium. This capital injection aims to expedite the Definitive Feasibility Study (DFS) and near-term mine development activities announced on June 12, 2025. The company confirmed compliance with relevant sections of the Corporations Act 2001 and states no excluded information requires disclosure. The company's Appendix 2A release is available on its website.