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Torque Metals Ltd. ( (AU:TOR) ) has provided an announcement.
Torque Metals Limited has received early exercise notices from major shareholders, converting 12.8 million options and securing approximately $2.8 million in additional funding to advance its Paris Gold Project. This influx of funds, combined with existing cash reserves and a drill-for-equity agreement, positions the company to aggressively pursue exploration activities over the next six months, reducing the likelihood of a near-term capital raising and demonstrating strong shareholder confidence in the company’s strategy.
The most recent analyst rating on (AU:TOR) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Torque Metals Ltd. stock, see the AU:TOR Stock Forecast page.
More about Torque Metals Ltd.
Torque Metals Limited operates in the mining industry, focusing on the exploration and development of gold projects. Its primary project is the Paris Gold Project located in the Goldfields Region of Western Australia.
Average Trading Volume: 1,887,490
Technical Sentiment Signal: Buy
Current Market Cap: A$158M
Learn more about TOR stock on TipRanks’ Stock Analysis page.