Podium Minerals Limited has launched a fully underwritten, pro-rata non-renounceable entitlement offer aimed at raising approximately A$2.6 million. Under the offer, eligible shareholders are invited to subscribe for one new fully paid ordinary share for every six shares held, priced at 2.3 cents each. In addition, for every two new shares subscribed, shareholders will receive one attaching option that carries an exercise price of 6.0 cents and an expiry date of 22 December 2026. The offer is being managed by Leeuwin Wealth Pty Ltd, with Cumulus Wealth Pty Ltd also acting as a joint lead manager. The offer is available exclusively to shareholders whose registered addresses are in Australia, New Zealand, or the United Kingdom, and those eligible will have their entitlements calculated based on their holdings as of the record date at 5.00pm AWST on Monday, 2 June 2025. The official offer commences on 5 June 2025 and will close at 5.00pm AWST on Tuesday, 17 June 2025. Detailed instructions and the offer booklet have been made available via Computershare and the company’s website, ensuring that participants can review the application process and associated risk factors before deciding whether to take up their entitlement in full or partially. Strategically, the funds raised will see significant application toward advancing Podium’s flagship Parks Reef PGM Project. Recent initiatives include the acquisition of EV Nickel’s Range Well Nickel Project, which expands the company’s tenement footprint by nearly 1.7 times, as well as a fresh mineral resource estimate at Parks Reef that adds substantial copper, gold, nickel, and cobalt to its existing portfolio. The proceeds are earmarked to bolster metallurgical test work—especially to improve the flotation process for enhanced PGM recovery—and to support maintenance of the expanded tenement package, with a portion allocated for general corporate working capital. The transaction comes with several important dates and technical details that investors need to note. Approximately 113.6 million new shares and up to 56.8 million new options could be issued if the entire entitlement offer is taken up, potentially increasing the total shares on issue to around 795 million and overall listed options to roughly 290 million. Shareholders who do not participate may face a dilution of their holdings by roughly 14.3%, with further dilution possible upon exercise of new options. Bullish sentiment centers on the company’s proactive strategic moves—such as a strengthened tenement position, a significant resource upgrade, and ongoing improvements in metallurgical processes—which could lead to enhanced project performance and a stronger long-term market position for critical PGM and base metals. On the bearish side, the relatively modest capital raise, possible shareholder dilution, and inherent speculative risks associated with project advancements and metallurgical test work may raise caution among investors. For beginner traders, these factors represent both opportunities for growth and challenges that need to be carefully balanced.