Argent Minerals Announces Completion of 1,071,428 Share Issue Under Section 708A Cleansing Notice

Argent Minerals Secures Regulatory Approval for Unrestricted Trading of New Shares

On 24 July 2026, Argent Minerals Limited issued a cleansing notice to the ASX confirming the issuance of 1,071,428 shares without the need for a disclosure document. This was conducted under Section 708A(5)(e) of the Corporations Act, allowing companies to issue shares to existing or new investors without a prospectus or product disclosure statement, provided certain conditions are met. This mechanism streamlines capital raising when comprehensive market disclosure has already been made and compliance thresholds are satisfied.

Headquartered in West Perth, Western Australia, Argent Minerals confirmed through its Board that the share issue complied with all applicable provisions of the Corporations Act. Specifically, the company adhered to Chapter 2M, which governs continuous disclosure obligations for listed entities, and Sections 674 and 674A, which regulate securities issuance. This thorough compliance confirmation assures market participants of the legitimacy and regulatory soundness of the capital raise.

Details of the Share Issue and Regulatory Procedures

The issuance of 1,071,428 shares was formally recorded in an Appendix 2A announcement dated 24 July 2026, serving as the official disclosure of the capital transaction. Appendix 2A is a standard ASX form used to notify the market of changes in issued capital, including new share issuances and placements. This transparency informs shareholders about dilution effects and timing of the capital raise.

The Section 708A(5)(e) cleansing notice is a key regulatory tool in Australia, balancing investor protection with efficient capital markets. It permits securities issuance without a disclosure document if prior market disclosure is adequate and certain conditions are met. Argent Minerals’ statement that no excluded information existed under Section 708(8) of the Corporations Act confirms no material, price-sensitive information was withheld, ensuring an even information playing field for investors.

Compliance with Continuous Disclosure Requirements

Argent Minerals affirmed compliance with Chapter 2M of the Corporations Act, which mandates immediate disclosure of information likely to affect security prices. This assurance indicates the share issuance was not conducted while withholding material information, safeguarding equal access to price-sensitive data for all investors.

The company’s declaration also reflects effective governance and disclosure controls, indicating systems were in place to identify and disclose price-sensitive information appropriately. This commitment supports investor confidence and maintains market integrity.

Adherence to Sections 674 and 674A of the Corporations Act

Compliance with Sections 674 and 674A confirms the share issuance was authorized under the company’s constitution and lawful. Section 674 prohibits share issuance except as permitted, while Section 674A provides exemptions if constitutional and legal conditions are met. Argent Minerals’ Board approval of the issuance indicates due diligence and adherence to procedural requirements.

Absence of Excluded Information Under Section 708(8)

The company stated no excluded information existed as of the notice date. Excluded information includes undisclosed material facts typically required in disclosure documents, such as details on directors, substantial holders, remuneration, and related party transactions. This statement reassures shareholders that no material information was withheld during the share issuance.

Company Overview and Business Operations

Argent Minerals Limited, trading on the ASX under ticker ARD, is a mineral exploration and development company based in West Perth, Western Australia. Operating within the resources sector, the company is subject to continuous disclosure obligations and ASX Listing Rules. Its operations are influenced by commodity prices, regulatory environments, and exploration outcomes.

Investor communications are maintained via the company website at www.argentminerals.com.au and email [email protected]. The Board, including Non-Executive Chairman Peter Michael who approved the cleansing notice, oversees operations and compliance. Investor relations are managed by Republic IR, contactable at [email protected] or +61 417 711 108.

Impact of Cleansing Notice on Share Liquidity and Trading

The Section 708A(5)(e) cleansing notice enables the 1,071,428 newly issued shares to be traded on the ASX without restrictions that might otherwise apply to shares issued without disclosure. This unrestricted trading enhances liquidity and investor flexibility, potentially lowering future capital costs by making shares more attractive to investors.

Compliance with ASX Listing Rules and Market Standards

As an ASX-listed entity, Argent Minerals complies with ASX Listing Rules, which impose additional disclosure and procedural requirements. The ability to issue shares without shareholder approval suggests the issuance was within authorized limits or previously approved. ASX Listing Rules permit issuances up to 15% of issued capital without approval under certain conditions. The cleansing notice underscores the company’s commitment to regulatory compliance in capital management.

Investor Considerations and Future Outlook

Investors should note the capital raise results in dilution due to the increased total shares outstanding. The cleansing notice does not specify how proceeds will be used; investors should refer to earlier announcements or the Appendix 2A for details. While the notice does not provide forward guidance, the capital raise likely supports ongoing exploration, development, or corporate activities. Shareholders are advised to monitor future updates for operational and financial developments. The immediate share price impact was not publicly disclosed.