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Truscott Mining Corporation Ltd ( (AU:TRM) ) has shared an update.
Truscott Mining Corporation Limited has lodged an Appendix 3B with the ASX outlining a proposed placement or other type of issue of up to 2,000,000 options, each exercisable at $0.15 and expiring on 23 December 2026, with an expected issue date of 17 February 2026. The planned options issue is intended to support the company’s funding flexibility and capital structure, potentially providing additional resources for its ongoing mining and exploration activities while signalling to the market its continued engagement with investors and use of equity-linked instruments to finance future operations.
The most recent analyst rating on (AU:TRM) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Truscott Mining Corporation Ltd stock, see the AU:TRM Stock Forecast page.
More about Truscott Mining Corporation Ltd
Truscott Mining Corporation Limited is an Australian-listed resources company operating in the mining sector under ASX code TRM. The company focuses on mineral exploration and development activities, seeking to advance its projects and maintain access to capital markets through ASX-compliant securities issuances.
Average Trading Volume: 36,086
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$16.03M
For an in-depth examination of TRM stock, go to TipRanks’ Overview page.