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TerraCom Limited ( (AU:TER) ) has provided an update.
TerraCom Limited has completed a fully subscribed A$60 million renounceable entitlement offer, exceeding its initial A$40 million underwriting, in a move that bolsters its balance sheet and supports its operational and growth plans for 2026. The raising saw roughly A$28 million taken up by eligible shareholders, including around A$17 million from substantial shareholders and A$11 million from other investors, with the remainder covered by the lead underwriter and sub-underwriters, and included strong participation from the board, management and strategic investor Orbit Marketing Pte Ltd; the new shares are scheduled to begin trading on the ASX on 28 January 2026, providing TerraCom with greater financial flexibility to pursue value-accretive opportunities and enhance performance across its coal asset portfolio.
The most recent analyst rating on (AU:TER) stock is a Hold with a A$0.06 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-based mining resources company with a global footprint, operating a large portfolio of coal assets in Australia and South Africa. The company is positioned as a low-cost producer focused on delivering strong returns from its diversified, high-yielding coal portfolio for investors.
Average Trading Volume: 5,724,847
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$111.7M
Learn more about TER stock on TipRanks’ Stock Analysis page.