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Terra Uranium Limited ( (AU:T92) ) just unveiled an announcement.
Terra Critical Minerals Limited has signed a binding agreement to acquire the True American Tungsten Project in Nevada, USA, a high-grade, past-producing tungsten site located in a prolific mining district. The acquisition comes at a time when tungsten prices are at an all-time high due to supply disruptions and increasing demand. Terra plans to conduct extensive exploration activities, including geological mapping and geochemical sampling, to further explore the project’s potential. The company is also raising up to $600,000 through a non-renounceable entitlement offer to fund these initiatives, positioning itself strategically in the tungsten market.
More about Terra Uranium Limited
Terra Critical Minerals Limited is a company operating in the critical minerals industry, focusing on the exploration and acquisition of high-grade mineral projects. The company is involved in the mining sector, with a particular emphasis on tungsten, a critical mineral used in various industries such as defense, aerospace, and data centers.
Average Trading Volume: 1,290,865
Technical Sentiment Signal: Sell
Current Market Cap: A$6.89M
See more insights into T92 stock on TipRanks’ Stock Analysis page.