Aguia Resources Limited has initiated a share purchase plan (SPP) that enables eligible shareholders in Australia and New Zealand to acquire up to $30,000 worth of shares at 4 cents each. This price represents approximately a 9% discount to the last closing price and roughly a 5% discount to the five-day volume weighted average price as of May 23, 2025. The SPP is designed to raise up to $3 million before costs through the issuance of as many as 75 million shares, with potential provisions for accepting oversubscriptions at the discretion of the Board. The timetable for the SPP is clearly outlined. The record date was set for May 23, 2025, with the announcement following on May 26. The offer document will be released on May 30, and the offer itself will open the same day, remaining open until June 20, 2025. Announcement of the SPP results is scheduled for June 25, with the issue date on June 27 and the anticipated commencement of trading of SPP shares on June 30. Full details will be available in the offer booklet released to the market and distributed to shareholders. Funds raised from the SPP are earmarked for key projects, including the initiation of an exploration drilling program at the Santa Barbara Gold Project and mine development at the Tres Estrades phosphate project. Additionally, the proceeds will support general working capital requirements. The Executive Chairman emphasized that this initiative offers non-Section 708 investors an opportunity to increase their holdings at a reduced cost as the company embarks on an intensive three-month phase of project execution. From a sentiment perspective, the news carries both bullish and bearish elements. On the bullish side, the discounted share price provides an attractive entry point for investors, and the capital raised is poised to bolster exploration and development efforts that could drive future growth. Conversely, the bearish view may stem from the inherent risks associated with exploration activities and project execution, coupled with market volatility. Overall, while the potential for long-term value enhancement exists, investors should balance optimism with a careful assessment of the operational risks ahead.