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TerraCom Limited ( (AU:TER) ) has provided an announcement.
TerraCom Limited has notified the ASX of a proposed issue of up to 19,285,306 new fully paid ordinary shares under a placement or similar capital-raising structure. The securities are scheduled to be issued on 23 February 2026, with the company applying for quotation of the new shares on the ASX in line with listing rule requirements.
The capital raising signals TerraCom’s intent to bolster its balance sheet and provide additional funding flexibility for its operations or potential growth initiatives. The placement may lead to some dilution for existing shareholders but is likely aimed at supporting the company’s ongoing activities and maintaining its market presence on the ASX.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.07 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-listed resources company trading under the ASX code TER. The company is involved in the exploration and development of resource assets, with its primary focus on mining-related activities and associated securities listed on the Australian Securities Exchange.
Average Trading Volume: 6,784,508
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$119M
See more data about TER stock on TipRanks’ Stock Analysis page.