Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
RTG Mining ( (TSE:RTG) ) has shared an update.
RTG Mining Inc. has successfully raised approximately A$19.5 million through a two-tranche institutional placement, receiving strong backing from both existing and new investors. This capital infusion, along with a secured financing facility from Glencore International AG, will bolster RTG’s balance sheet, enabling the advancement of the Mabilo Project towards start-up and further exploration activities. The funds will also support RTG’s broader business development initiatives, positioning the company to unlock early cash flows and expand its resource base.
More about RTG Mining
RTG Mining Inc. operates in the mining industry, focusing on the exploration and development of high-grade copper and gold projects. The company is particularly invested in the Mabilo Project in the Philippines and is exploring additional opportunities such as the Chanach Project and the Panguna Project.
YTD Price Performance: -14.29%
Average Trading Volume: 117,898
Technical Sentiment Signal: Hold
Current Market Cap: C$33.86M
See more insights into RTG stock on TipRanks’ Stock Analysis page.