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Techgen Metals Ltd. ( (AU:TG1) ) has issued an update.
Techgen Metals Ltd. has announced a fully underwritten rights issue to raise up to $2.57 million to fund exploration and drilling at its Blue Devil and Mt Boggola projects. The capital raising is supported by the company’s board and management, and aims to advance drill targets identified through geophysical surveys and historical rock chip assays. The Blue Devil project will undergo heritage surveys followed by diamond drilling, while the Mt Boggola project has identified new high-priority targets with significant copper and gold potential. These developments are expected to enhance Techgen’s exploration opportunities and strengthen its position in the copper-gold market.
More about Techgen Metals Ltd.
Techgen Metals Ltd. operates in the mining industry, focusing on the exploration and development of copper and gold projects. The company is particularly active in Western Australia, with key projects including Blue Devil and Mt Boggola, which are rich in copper, gold, and silver deposits.
Average Trading Volume: 350,444
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.49M
For an in-depth examination of TG1 stock, go to TipRanks’ Overview page.