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The latest update is out from Terrain Minerals Ltd ( (AU:TMX) ).
Terrain Minerals Limited has successfully completed a December placement, raising $1,422,500, which, combined with an earlier October placement, totals $2,747,250. This funding ensures the company is fully capitalized to execute its RC drilling program and commence diamond drilling in early 2026, crucial for completing its maiden JORC Resource estimate. The successful placement, supported by existing shareholders and led by Sharewise Capital, positions Terrain to enhance its exploration activities and secure its industry positioning.
More about Terrain Minerals Ltd
Terrain Minerals Limited is a company operating in the mining industry, focusing on exploration activities. It is primarily involved in drilling programs and resource estimation, with a market focus on developing its Lightning, Wildflower, and Smokebush targets.
Current Market Cap: A$11.86M
For detailed information about TMX stock, go to TipRanks’ Stock Analysis page.