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True North Copper ( (AU:TNC) ) has provided an update.
True North Copper Limited has successfully raised A$12.5 million through a heavily oversubscribed placement to accelerate its drilling and growth activities at the Mt Oxide Project and the new Aquila discovery. The funding will support the company’s strategic pillars of growth, development, and discovery, positioning True North Copper to expand its high-quality copper portfolio and create long-term shareholder value. Key initiatives include targeted drilling at the Cloncurry Copper Project and systematic exploration at Mt Oxide, with significant developments expected in 2026.
More about True North Copper
True North Copper Limited is a company operating in the mining industry, focusing on copper exploration and development. The company is primarily engaged in advancing its flagship Mt Oxide Project and the Cloncurry Copper Project, with a strategic emphasis on growth and discovery within the copper sector.
Average Trading Volume: 325,352
Technical Sentiment Signal: Sell
Current Market Cap: A$71.97M
For an in-depth examination of TNC stock, go to TipRanks’ Overview page.