Eramet confirms EUR 500 million raise for Eramet stock

Published on 10/15/2026 at 12:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The rights issue totals EUR 500.00 million and targets fourth-quarter 2026 execution. Eramet stock stood at EUR 37.32 on October 15, 2026 versus EUR 56.00.

Funding and valuation signals

Eramet confirmed a EUR 500.00 million rights issue on October 12, 2026.
The French State will subscribe for 27.10 percent of Eramet's share capital.
Eramet stock traded at EUR 37.32 at 12:31 p.m. CEST at Lang & Schwarz on October 15, 2026.
BofA Securities reiterated its Buy rating and EUR 56.00 target on October 13, 2026.

Eramet, FR0000131757, Illustration mit AI erstellt.

Eramet (ISIN FR0000131757) confirmed on October 12, 2026, that it intends to launch a EUR 500.00 million rights issue in the fourth quarter of 2026. The French State is set to become the mining group's largest shareholder through the transaction, according to Eramet.

Three funding steps since February

On February 18, 2026, Eramet presented 2025 adjusted turnover of EUR 3,155 million and adjusted EBITDA of EUR 372 million on its investor page. On October 1, 2026, it outlined a potential US$350 million expansion of the Centenario-Ratones lithium project in Argentina. On October 12, 2026, the company confirmed the EUR 500.00 million rights issue and the French State's planned participation, with each company update documented by Eramet.

What does the raise change?

The French State will subscribe for its pro-rata 27.10 percent stake and may acquire rights from Sorame-CEIR, while its effective voting rights will remain below 49 percent. Other shareholders can exercise or sell their preferential subscription rights, according to Eramet.

For valuation, Investing.com reported on October 13, 2026, that BofA Securities reiterated its Buy rating and EUR 56.00 price target. The target assumes a EUR 500.00 million equity raise close to the market price, while the transaction is expected after the third-quarter results.

Next reporting date

Eramet is scheduled to publish its 2026 third-quarter turnover on October 29, 2026, according to the company's October 12, 2026 investor presentation. The rights issue is planned for the fourth quarter of 2026, with completion targeted before year-end.

Funding remains the market test

The capital increase addresses balance-sheet pressure while giving the French State a larger strategic role in critical metals. Execution terms, the subscription period and the eventual reference price will shape the effect on existing shareholders.

Eramet was trading at EUR 37.32 at Lang & Schwarz on October 15, 2026 at 12:31 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Eramet stock.