Why Are ASX Miners Tungsten and Terra Metals Soaring Today?

Source: Kapitales Research

Highlights:

• Tungsten Mining NL (ASX: TGN) shares jumped after the company secured $53 million in funding, benefiting from rising interest in tungsten as a critical mineral, at the time of writing.
• Terra Metals Limited (ASX: TM1) surged following the release of exceptionally high-grade PGM drill results, including near-surface mineralisation that suggests further upside potential.
• Investor sentiment was boosted by a combination of funding certainty, supply-chain concerns for critical minerals, and exploration success across both ASX stocks.

Strong Commodity News Lifts Small-Cap Miners

Two ASX-listed resource stocks are firmly in the spotlight today, with sharp share price gains driven by funding certainty and standout exploration results. Tungsten Mining NL (ASX: TGN) and Terra Metals Limited (ASX: TM1) are both rallying as investors respond to developments that materially strengthen their growth outlooks.

Tungsten Mining Secures $53 Million Lifeline

Shares in Tungsten Mining NL (ASX: TGN) surged after the company confirmed it has secured commitments to raise $53 million through a share placement to fund its portfolio of tungsten projects. At the time of writing, TGN shares were trading at $0.295, up 31.11%, well above the placement price of $0.19 per share, which represented a 14% discount to its previous close. Investor interest has been amplified by tungsten’s status as a critical mineral. Global supply concerns have intensified following China’s export restrictions, highlighting how depleted tungsten stockpiles have become outside Beijing. With fresh capital now secured, Tungsten Mining is better positioned to advance its assets at a time when strategic demand for non-Chinese supply is rising.

Terra Metals Delivers Exceptional Drill Results

Meanwhile, Terra Metals Limited (ASX: TM1) is rallying on the back of a major platinum group metals (PGM) sulphide discovery. At the time of writing, TM1 shares were trading at $0.350, up 66.67%, supported by heavy trading volumes. The market reaction followed the release of the second batch of assays from the company’s Southwest Project, which confirmed exceptionally high-grade PGM results. Highlights included 14 metres at 6.71g/t PGE3, with bonanza intercepts of 3 metres at 27.78g/t and 1 metre at 52.97g/t. Importantly, mineralisation starts close to surface and the drill hole ended well short of its planned depth, suggesting further upside potential.

Why Investors Are Paying Attention

Terra Metals’ chief metallurgist described the intersection as one of the highest-grade hard-rock PGM

results he has seen globally, adding credibility to the discovery. Combined with Tungsten Mining’s funding breakthrough, today’s gains reflect renewed investor appetite for critical minerals and high-impact exploration success on the ASX.

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