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Tempest Minerals Completes $400,000 Capital Raising

Story Highlights
  • Tempest Minerals raised $400,000 by placing 100 million shares and 25 million options.
  • The capital raising supports Tempest’s exploration and development activities in Western Australia.
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Tempest Minerals Completes $400,000 Capital Raising

Confident Investing Starts Here:

An announcement from Tempest Minerals Limited ( (AU:TEM) ) is now available.

Tempest Minerals Limited has successfully completed the placement of 100 million ordinary shares and 25 million options, raising $400,000 from sophisticated, professional, and exempt investors. This capital raising, conducted under the company’s existing placement capacity, will support Tempest’s ongoing exploration and development activities, potentially enhancing its market position and shareholder value.

More about Tempest Minerals Limited

Tempest Minerals Ltd is an Australian-based mineral exploration company with a diversified portfolio of projects in Western Australia. The company focuses on precious, base, and energy metals and is led by an experienced board and management team known for their exploration, operational, and corporate success. Tempest aims to maximize shareholder value through focused, data-driven, and risk-weighted exploration and development of its assets.

Technical Sentiment Signal: Buy

Current Market Cap: €1.81M

See more data about TEM stock on TipRanks’ Stock Analysis page.

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