Macro Metals (ASX:M4M) has secured a new substantial shareholder, with Cranport and Cranport Resources Fund acquiring a combined 6.39% voting power in the company as of 16 October 2026.
The group’s holding comprises 319,462,565 fully paid ordinary (FPO) shares, representing a significant portion of Macro Metals’ issued capital of 5,001,230,643 FPO shares. Macro received the Form 603 notice on 22 October.
According to the filing, all parties hold the shares as ‘registered holders’. Cranport holds the largest relevant interest with 188,462,565 shares. Of these, 151,250,114 are registered directly in its name, while 37,212,451 sit with Palm Beach Nominees.
Cranport Resources Fund holds 50 million shares through JP Morgan.
Three related entities account for the balance: Mountain High Holdings (MJH Retirement Fund A/C) with 40 million shares, Foster Stockbroking with 31 million shares, and E-Tech (ASF Super Fund A/C) with 10 million shares.
The filing notes E-Tech did not acquire any shares during the four-month reporting period.
The substantial holding was built through a series of cash acquisitions over the four months prior to crossing the 5% threshold, injecting more than $1.15 million into the register.
Cranport paid $603,015.70 for 113,678,686 shares between 16 June and 16 October, averaging about $0.005 per share.
On 16 October, the other entities finalised their acquisitions. Cranport Resources Fund paid $250,000 for 50 million shares, Mountain High Holdings paid $200,000 for 40 million shares, and Foster Stockbroking paid $100,000 for 20 million shares, all at $0.005 per share. The notice reports no non-cash consideration.
The filing describes Mountain High Holdings, E-Tech, and Foster Stockbroking as related entities of the substantial holder, with Stuart Foster signing the notice as CEO on 22 October.
The filing to Macro contains no statement of intent regarding further share purchases or any proposed changes to the company’s operations.
Macro Metals is an Australian exploration and mining services company advancing a portfolio of iron ore, base metals, and gold projects across Western Australia.
Write to JC Villarba at Mining.com.au
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