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R3D Resources Limited ( (AU:TAT) ) has shared an update.
Tartana Minerals Limited has secured firm commitments for a $1.275 million placement, with $1 million from a new investor and $0.275 million from director participation, subject to shareholder approval. The placement is priced at a 17% premium to the recent VWAP and will fund working capital, including the retirement of convertible note facilities. This financial move, alongside strategic financing initiatives, positions Tartana to accelerate the advancement of its core Chillagoe assets.
More about R3D Resources Limited
Tartana Minerals Limited is an ASX-listed copper producer with mining and exploration projects in Far North Queensland, focusing on copper, zinc, and gold. The company aims to grow resources and build shareholder value through systematic exploration and project development.
Average Trading Volume: 116,679
Technical Sentiment Signal: Hold
Current Market Cap: A$10.71M
For a thorough assessment of TAT stock, go to TipRanks’ Stock Analysis page.