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The latest announcement is out from True North Copper ( (AU:TNC) ).
True North Copper Limited has resumed trading on the Australian Securities Exchange following a successful recapitalization effort, which raised A$50.9 million through a Conditional Placement and A$2.54 million through a Share Purchase Plan. With the recapitalization, the company has cleared its debt and is set to launch a revised exploration strategy in the first quarter of 2025. This strategy, focused on the Cloncurry Copper Project and Mt Oxide Project, includes an extensive exploration and resource definition drilling campaign aimed at expanding resources and optimizing mine plans. The company’s renewed focus on exploration is supported by major shareholders, indicating strong confidence in its assets and potential growth.
More about True North Copper
True North Copper Limited operates in the mining industry, focusing primarily on copper exploration and production. The company owns the Cloncurry Copper Project and Mt Oxide Project, and its market focus includes extensive exploration and resource definition to expand and optimize its mining operations.
YTD Price Performance: 0%
Average Trading Volume: 15,832
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$30.9M
For an in-depth examination of TNC stock, go to TipRanks’ Stock Analysis page.