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Tempest Minerals Limited ( (AU:TEM) ) just unveiled an announcement.
Tempest Minerals has granted Capricorn Metals a short extension to 14 February 2026 to complete the sale of its Yalgoo Project, with the delay attributed to finalising routine administrative and regulatory documentation. The A$4.5 million deal structure, including cash and Capricorn shares plus contingent milestone payments, remains unchanged, with Tempest retaining iron-rich eastern tenements while granting Capricorn broader exploration and development rights, underscoring both parties’ commitment to the transaction and clarifying the future ownership and upside-sharing framework around the Yalgoo asset.
The most recent analyst rating on (AU:TEM) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Tempest Minerals Limited stock, see the AU:TEM Stock Forecast page.
More about Tempest Minerals Limited
Tempest Minerals Limited is an Australian-based mineral exploration company with a diversified portfolio of projects in Western Australia, focused on iron ore development alongside exploration for precious, base and energy metals. The company is led by an experienced board and management team and aims to maximise shareholder value through data-driven, risk-weighted exploration and development of its assets.
Average Trading Volume: 977,767
Technical Sentiment Signal: Sell
Current Market Cap: A$7.71M
See more data about TEM stock on TipRanks’ Stock Analysis page.