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Truscott Mining Corporation Ltd ( (AU:TRM) ) has shared an update.
Truscott Mining Corporation Ltd has completed a share placement raising $1.44 million before costs, issuing 18 million new shares and 9,000,001 free attached options for a total of 27,000,001 securities, which will be entered into shareholders’ holdings and quoted on 29 December 2025. The fresh capital positions the company to advance its exploration program, with management actively engaging geologists and drillers and targeting the commencement of drilling in January 2026, subject to weather conditions, marking a significant step in progressing its operational plans.
More about Truscott Mining Corporation Ltd
Truscott Mining Corporation Ltd is an Australia-based mining company listed on the ASX, focused on mineral exploration and development activities, and is currently preparing for new drilling programs as part of its resource expansion efforts.
Average Trading Volume: 56,255
Technical Sentiment Signal: Buy
Current Market Cap: A$17.42M
For detailed information about TRM stock, go to TipRanks’ Stock Analysis page.