Tribeca Global Natural Resources Ltd. (AU:TGF) has released an update.
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Tribeca Global Natural Resources Ltd. reported a 5.58% pre-tax return for April, driven by strong contributions from Base Metals, Diversifieds, and Precious Metals, alongside an uptick in M&A activity. The company highlighted significant investments in Metals and Energy, noting an increased demand for copper and energy to power AI data centres. Despite a fluctuating financial year, the company’s net tangible assets per share post-tax stood at $2.1308, with a market capitalisation of $126.46 million.
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