Forgent shares fall 26% as technology-to-mining pivot deepens

Proactive

Tue, April 14, 2026 astatine 5:10 AM CDT 1 min read

Forgent (AIM: FORG) shares fell 26% to 0.017p aft the self-described technology-led vigor modulation institution announced the acquisition of a 51% involvement successful the Peak Hills gold-copper exploration task successful Western Australia and a placing to rise £1.3 cardinal astatine a 35% discount to the prevailing marketplace price.

The information for the Peak Hills involvement totals $1.18 million, satisfied done $206,060 successful currency and the remainder done the contented of astir 4.81 cardinal caller shares astatine the placing terms of 0.015p.

Peak Hills covers astir 163 quadrate kilometres crossed 5 tenements located astir 80 kilometres northbound of Meekatharra, and holds historical drill results including intersections of 2 metres astatine 21.9 grams per tonne golden and 33 metres astatine 0.28% copper.

Forgent retains an enactment implicit the remaining 48% of the project, extended for a further 5 months.

Proceeds from the placing volition money the currency constituent of the acquisition, screen moving costs of the company's gasification concern and supply wide moving capital.

Both the acquisition and the placing are conditional connected shareholder support astatine an bonzer wide gathering to beryllium convened shortly.