Terrain Minerals Advances Larin’s Lane Project with Metallurgical Studies and Rights Issue

Terrain Minerals Ltd ( (AU:TMX) ) has issued an update.

Terrain Minerals Limited is progressing with metallurgical studies at its Larin’s Lane Gallium/REE project in Western Australia, as part of a government-funded research initiative. These studies aim to develop environmentally sustainable extraction techniques and assess the long-term production potential of rare earth elements in the region. The project is expected to enhance Terrain’s strategy to produce a concentrate for industry evaluation, potentially leading to resource expansion and further drilling. Additionally, the company is conducting a pro-rata non-renounceable rights issue to raise approximately $1.8 million, with strong board participation and underwriting support.

More about Terrain Minerals Ltd

Terrain Minerals Limited is a company involved in the exploration and development of mineral resources, focusing on critical minerals such as gallium and rare earth elements (REE) in Western Australia. The company is advancing its Larin’s Lane Gallium/REE project, which is part of a collaborative research effort to develop sustainable extraction techniques for these minerals.

Current Market Cap: A$6.75M

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