Tungsten Mining NL (ASX: TGN) has successfully completed a AU$53 million share placement, materially strengthened its balance sheet and provided the financial capacity to advance its flagship development assets. The capital raising attracted strong demand from Australian and offshore institutional investors, resulting in applications well above the available allocation, underscoring confidence in the company’s strategy and project portfolio. Proceeds are primarily earmarked for advancing technical and exploration programs at the Mt Mulgine Project, with a focus on expanding its already globally significant mineral resource base, while also supporting further evaluation work at the fully permitted Watershed Project.
The enhanced funding position allows Tungsten Mining to accelerate pre-development studies, including the Mt Mulgine Pre-Feasibility Study and the Watershed Economic Evaluation, both of which are progressing toward key milestones. Overall, the placement materially improves financial flexibility and positions the company to progress toward future investment decision stages with reduced funding risk.
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
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Tungsten Mining NL – Placement Completion Strengthens Growth Path
Tungsten Mining NL (ASX: TGN) has successfully completed a AU$53 million share placement, materially strengthened its balance sheet and provided the financial capacity to advance its flagship development assets. The capital raising attracted strong demand from Australian and offshore institutional investors, resulting in applications well above the available allocation, underscoring confidence in the company’s strategy and project portfolio. Proceeds are primarily earmarked for advancing technical and exploration programs at the Mt Mulgine Project, with a focus on expanding its already globally significant mineral resource base, while also supporting further evaluation work at the fully permitted Watershed Project.
The enhanced funding position allows Tungsten Mining to accelerate pre-development studies, including the Mt Mulgine Pre-Feasibility Study and the Watershed Economic Evaluation, both of which are progressing toward key milestones. Overall, the placement materially improves financial flexibility and positions the company to progress toward future investment decision stages with reduced funding risk.
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