03:02 AM EST, 11/13/2026 (MT Newswires) -- Eramet (ERA.PA) is aiming to raise 500 million euros through an offering of 34,506,054 new shares with preferential subscription rights, according to a Friday filing. Existing shareholders of the French mining company will receive one subscription right for every share purchased by Friday and put on record as of Nov. 17. Every five subscription rights will give the holder the right to subscribe for six new shares in the company at 14.49 euros per share. The subscription period will run from Nov. 18 through Nov. 27, with the results to be disclosed on Dec. 2. Settlement is scheduled for Dec. 4, with net proceeds earmarked for the reduction of the group's debt.

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