Added to YB: 2026-06-05
Pitch date: 2026-06-03
FUN.AX [neutral]
Fortuna Metals Limited
-8%
current return
Author Info
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Company Info
Fortuna Metals Limited explores and evaluates mineral projects in Malawi and Australia. It explores for neodymium, praseodymium, rutile, graphite, gold, rare earth elements (REE), and other base metals deposits.
Market Cap
AUD 36.8M
Pitch Price
AUD 0.13
Price Target
N/A
Dividend
N/A
EV/EBITDA
25.38
P/E
-3.93
EV/Sales
419.33
Sector
Metals and Mining
Category
growth
Silicon Valley Giant Backs Fortuna Metals
FUN.AX (holding update): Rutile explorer in Malawi, held since 4c. WndrCo (Katzenberg/Jaswa, $3B+ AUM, backed SpaceX, Figma, Databricks) took ~20% stake, $8.6M, leaving ~$15M cash. Options pay WndrCo to connect FUN to US titanium buyers by 2029. Catalysts: Mkanda maiden resource late month, aircore drilling, met test work. Titanium demand from aerospace, defense rearming, Tesla Optimus vs tightening supply.
Read full article (6 min)