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Truscott Mining Corporation Ltd ( (AU:TRM) ) has shared an update.
Truscott Mining Corporation Ltd has announced a share placement, appointing Martin Place Securities as the lead manager to issue up to 18 million fully paid ordinary shares at 8 cents each, aiming to raise up to $1.44 million before costs. The funds raised will be allocated towards research and development, exploration activities, and working capital, potentially strengthening the company’s operational and financial position in the mining industry.
More about Truscott Mining Corporation Ltd
Truscott Mining Corporation Ltd operates in the mining industry, focusing on exploration and development activities. The company is engaged in the production and exploration of mineral resources, with a market focus on expanding its resource base and enhancing its operational capabilities.
Average Trading Volume: 59,069
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$16.44M
For detailed information about TRM stock, go to TipRanks’ Stock Analysis page.