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An announcement from Tungsten Mining NL ( (AU:TGN) ) is now available.
Tungsten Mining NL has announced a proposed placement of up to 278,947,369 fully paid ordinary shares, with an intended issue date of 9 February 2026. The substantial equity raising signals a move to bolster the company’s capital base, which could support future project development or strengthen its balance sheet, and may lead to shareholding dilution for existing investors depending on final pricing and allocation.
The most recent analyst rating on (AU:TGN) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Tungsten Mining NL stock, see the AU:TGN Stock Forecast page.
More about Tungsten Mining NL
Average Trading Volume: 1,554,623
Technical Sentiment Signal: Buy
Current Market Cap: A$251.4M
For a thorough assessment of TGN stock, go to TipRanks’ Stock Analysis page.