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Tombador Iron Ltd. ( (AU:TI1) ) just unveiled an announcement.
Tombador Iron Limited’s June 2025 quarterly report highlights the company’s efforts to acquire the Colomi Iron Project in Brazil, which contains a significant magnetite mineral resource. The company is in voluntary suspension after selling its main undertaking, the Tombador Iron Project. During the quarter, Tombador focused on progressing the Colomi acquisition and evaluating other investment opportunities, while also managing the closure of prior Brazilian operations. Financially, the company reported a net decrease in cash holdings and continued discussions with potential investors to support its strategic initiatives.
More about Tombador Iron Ltd.
Tombador Iron Limited is an Australian company listed on the ASX since October 2020. It was involved in the production of high-grade hematite iron ore from a simple open cut mining operation, which was sold in December 2023. The company is currently focusing on acquiring the Colomi Iron Project in Brazil.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$30.22M
See more data about TI1 stock on TipRanks’ Stock Analysis page.