Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Tempest Minerals Limited ( (AU:TEM) ) just unveiled an announcement.
Tempest Minerals Limited has lodged a notice with the ASX for a proposed issue of securities comprising up to 333,333,333 ordinary fully paid shares and 333,333,334 performance shares. The issuance, structured as a placement or other type of issue, is scheduled for 30 April 2026 and reflects an expansion of the company’s capital base that may support future exploration and development activities while diluting existing shareholders’ holdings.
The company has applied for quotation of the new securities on the ASX, consistent with the listing rules governing new issues. This move signals Tempest Minerals’ continued reliance on equity markets for funding and may influence its financial flexibility and market positioning within the mineral exploration industry.
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 ASX-listed company in the minerals and resources sector, trading under the code TEM. The company engages in exploration and development activities, issuing ordinary shares and performance-based securities as part of its capital management and funding strategy.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.61M
Find detailed analytics on TEM stock on TipRanks’ Stock Analysis page.