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TerraCom Limited ( (AU:TER) ) has provided an update.
TerraCom Limited has disclosed that director Danny McCarthy ceased to be a director of the company on 9 April 2026, in line with ASX listing rule requirements. The company detailed his final interests in TerraCom securities, noting direct ownership of 8,440,440 fully paid ordinary shares and an additional 355,516 shares held indirectly through Rainbow Max Limited.
The notice confirms there are no related interests in contracts associated with McCarthy’s departure, suggesting this is a straightforward board change rather than part of a broader transaction. The update provides clarity to shareholders regarding the former director’s remaining equity stake in the company following his resignation.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on TerraCom Limited stock, see the AU:TER Stock Forecast page.
More about TerraCom Limited
TerraCom Limited is an Australian resources company focused on the exploration, development and production of coal and related energy commodities. The company operates in the mining sector and is listed on the ASX, giving investors exposure to coal assets and associated infrastructure in its chosen markets.
Average Trading Volume: 10,861,954
Technical Sentiment Signal: Hold
Current Market Cap: A$173.1M
See more data about TER stock on TipRanks’ Stock Analysis page.