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The latest announcement is out from Tanzanian Royalty Exploration ( (TSE:TRX) ).
TRX Gold Corporation, through its subsidiary Buckreef Gold Company Limited, has entered into significant financial agreements, consolidating its position within the mining industry. On February 6, 2025, Buckreef secured a $5 million revolving credit facility and a $4 million vehicle and asset financing facility with Stanbic Bank Tanzania Limited, enhancing its operational flexibility. Additionally, TRX Gold has initiated an At The Market Offering Agreement to raise up to $25 million, primarily aimed at advancing its Buckreef Gold Project through drilling, exploration, and technical work, thereby strengthening its growth prospects in mineral exploration.
More about Tanzanian Royalty Exploration
YTD Price Performance: 1.88%
Average Trading Volume: 484,898
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $93.59M
See more data about TRX stock on TipRanks’ Stock Analysis page.