True North Copper Resumes ASX Trading with Strategic Focus on Exploration

True North Copper ( (AU:TNC) ) has shared an announcement.

True North Copper Limited has resumed trading on the Australian Securities Exchange following a successful recapitalization process that included a significant financial placement and a share purchase plan. The company has paused mining operations to focus on expanding its mineral inventory, supported by a strong balance sheet and a refreshed management team. The Cloncurry Copper Project is under care and maintenance, while an extensive drilling program is underway at the Great Australia Mine, targeting nearly 15,000 meters of drilling to enhance the company’s resource base. The appointment of a new Non-Executive Chairman, Paul Cronin, marks a strategic shift as the company emerges from voluntary administration.

More about True North Copper

True North Copper Limited operates in the mining industry, focusing primarily on copper exploration and mining. The company is engaged in projects such as the Mt Oxide and Cloncurry Copper Projects, with a market focus on expanding its mineral inventory.

YTD Price Performance: -93.33%

Average Trading Volume: 223,107

Technical Sentiment Signal: Buy

Current Market Cap: A$25.48M

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