3 junior miners with initial public offerings and ASX floats in June

These small-cap miners are getting ready to go public next month. Here are all the details.

| More on:
IPO written in circles with a man holding a smartphone and a laptop open.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

June is set to be a big month for ASX floats as many companies finalise their initial public offerings (IPO) and get ready to hit the Australian market.

Here are three junior miners set to list on the ASX next month.

3 ASX shares getting ready to float after IPOs

Southern Palladium Limited (ASX: SPD)

Palladium explorer and developer Southern Palladium is expecting to float on the ASX in early June after offering its shares for 50 cents apiece during its IPO.

The company raised $19 million through its oversubscribed IPO. It was previously planning to list on both the Johannesburg Stock Exhange and the ASX on 25 May. However, both floats have since been pushed back.

The company will acquire a 70% interest in South Africa's Miracle Upon Miracle Investments Proprietary Limited (MUM) immediately before its float. MUM owns the rights to prospect the Bengwenyama platinum group elements project.

At its offer price, Southern Palladium expects to list with a market capitalisation of $45 million.

Nordic Nickel Limited (ASX: NNL)

Nordic Nickel is expecting to float on the ASX tomorrow after it raised $12 million through its initial public offering, offering 48 million shares for 25 cents apiece.

The company is working on discovering, developing, and supplying sustainable, low-carbon critical minerals for the energy transition.

The company's projects are located in Finland in a largely unexplored region known to house world-class nickel, copper, and cobalt.

It's expecting to boast an undiluted market capitalisation of around $28.8 million upon floating.

OD6 Metals Limited  (ASX: OD6)

OD6 Metals is a rare earth element explorer with its sights on potentially developing projects in the future. It's expecting to hit the ASX in mid-to-late June.

The company has secured more than 4,000 square kilometres of mineral exploration licenses in Western Australia's southern Esperance-Goldfields region.

Under its prospectus, the company offered new shares for 20 cents apiece. It aimed to raise between $6 million and $8 million.

The company is expecting to list with a valuation of between around $18.5 million and $20.5 million.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on IPOs

An arrow going upwards with a road sign saying 'IPO ahead'.
IPOs

Should you buy into an IPO or wait until shares start trading on the ASX?

IPOs can be exciting, but also dangerous for investors.

Read more »

A female miner wearing a high vis vest and hard hard smiles and holds a clipboard while inspecting a mine site with a colleague.
IPOs

ASX IPO alert: Blockbuster copper listing coming soon

Here's what you need to know about this upcoming IPO.

Read more »

IPO spelt out on a laptop with a red and green bar chart underneath.
IPOs

Fewer ASX IPOs in 2023, but here's how they've performed

We reveal the top 10 new listings by size and how their share prices have changed to date.

Read more »

IPO written in yellow and stuck in the air.
Materials Shares

Rich listers are buying into the IPO of ASX lithium explorer Kali Metals

There's a new lithium share in town. Here's what you need to know.

Read more »

IPO written in circles with a man holding a smartphone and a laptop open.
International Stock News

The highs and lows of the Instacart $11 billion IPO

Here is a closer look at the latest company to hit the Nasdaq exchange.

Read more »

Two businessmen shake hands against a tech backdrop, indicating a company IPO or a merger between two technology stocks.
IPOs

This $85 billion company is about to start trading on the Nasdaq. Here's what you need to know

Arm is set to join the ranks of other AI high-flyers on the Nasdaq tonight.

Read more »

A businessman hugs his computer and smiles.
Materials Shares

The ASX welcomed a new lithium stock today, and it's up 50%!

Investors have been getting excited about this new lithium stock today.

Read more »

A male investor wearing a white shirt and blue suit jacket sits at his desk looking at his laptop with his hands to his chin, waiting in anticipation.
IPOs

Redox share price drops after IPO

One of the biggest IPOs in some time has taken place on the ASX today.

Read more »