Terra Metals Limited (ASX: T92) Completes Acquisition of True American Tungsten Project
Terra Metals Limited (ASX: T92) released a price-sensitive announcement confirming the successful acquisition of 100% ownership of the True American Tungsten Project in Nevada, USA. The transaction, together with the establishment of T92 USA, positions the company with a clear North American focus ahead of 2026 and provides a platform for potential access to US government funding and further acquisition opportunities. The project hosts two historical adits associated with high-grade tungsten production in the 1940s, primarily from scheelite skarns and tungsten-bearing vein systems. Historical sampling reported very high-grade results, with grades ranging from 4.2% to 11.1% WO₃. The project has undergone no modern exploration since the mid-1940s, underscoring its underexplored nature. Recent site visits by consultants support planning for a 2026 work program. The acquisition is considered price-sensitive given its strategic importance and potential impact on the company’s future growth trajectory.
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Terra Metals Limited (ASX: T92) Completes Acquisition of True American Tungsten Project
Terra Metals Limited (ASX: T92) released a price-sensitive announcement confirming the successful acquisition of 100% ownership of the True American Tungsten Project in Nevada, USA. The transaction, together with the establishment of T92 USA, positions the company with a clear North American focus ahead of 2026 and provides a platform for potential access to US government funding and further acquisition opportunities. The project hosts two historical adits associated with high-grade tungsten production in the 1940s, primarily from scheelite skarns and tungsten-bearing vein systems. Historical sampling reported very high-grade results, with grades ranging from 4.2% to 11.1% WO₃. The project has undergone no modern exploration since the mid-1940s, underscoring its underexplored nature. Recent site visits by consultants support planning for a 2026 work program. The acquisition is considered price-sensitive given its strategic importance and potential impact on the company’s future growth trajectory.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au