True North Copper Resumes Trading and Shifts Focus to Exploration Post-Recapitalisation

True North Copper ( (AU:TNC) ) has issued an update.

True North Copper Limited successfully emerged from voluntary administration, resuming trading on the ASX with a strong financial position following a recapitalisation. The company is set to undertake an extensive exploration and drilling campaign, pausing operational activities at the Cloncurry Copper Project to focus on resource expansion and strategic growth, with binding agreements in place for future copper concentrate production and toll milling.

More about True North Copper

True North Copper Limited operates in the mining industry, focusing on the exploration and development of copper projects. The company’s primary products are copper concentrates, with significant projects at the Mt Oxide Project and the Cloncurry Copper Project in a highly prospective region.

YTD Price Performance: -86.83%

Average Trading Volume: 195,299

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$48.41M

See more insights into TNC stock on TipRanks’ Stock Analysis page.