Aeris Resources launches share purchase plan after $80m placement

Aeris Resources Limited (ASX:AIS) announced a share purchase plan (SPP) on November 6, 2025, offering eligible shareholders the opportunity to acquire up to A$30,000 worth of shares at A$0.45 per share. This price represents a 13.5% discount to the closing price of A$0.52 on October 28, 2025, and a 16.6% discount to the 5-day VWAP of A$0.54. The SPP aims to raise a maximum of A$10 million and will close on December 2, 2025. Funds from the SPP are intended for general working capital.

This SPP is part of a broader equity raise, which includes a placement that successfully raised A$80 million. The combined proceeds from the placement will be used to immediately repay a WHSP term facility (A$45.3 million), allocate A$20 million for growth capital and exploration, and cover A$14.8 million in general working capital and offer costs. This strategic move aims to improve Aeris’s balance sheet and accelerate exploration efforts, focusing on its Tritton, Cracow, Jaguar, and Stockman projects.

Aeris is targeting a FY26 copper equivalent production guidance of 40-49kt. The company's updated capital structure post-placement, excluding SPP proceeds and the sale of North Queensland assets, shows 1,149.2 million shares on issue, A$62.3 million in cash, and no debt. The SPP follows the divestment of North Queensland exploration assets for up to A$15.5 million, expected to complete by December 2025.