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Tungsten Mining NL ( (AU:TGN) ) has issued an update.
Tungsten Mining NL has successfully raised $9.5 million through a share placement to support its Mt Mulgine gold-tungsten strategy. The funds will be used for metallurgical testwork, engineering, project development, resource modeling, mine planning, and general working capital. This capital raising positions the company well to advance its significant tungsten resources and reinforces its strategy of contributing to global critical minerals supply.
More about Tungsten Mining NL
Tungsten Mining NL is an Australian company focused on the development of tungsten resources. The company is primarily engaged in advancing its Mt Mulgine Project, which is one of the largest tungsten deposits outside of China, with a strategic focus on addressing global critical minerals challenges.
Average Trading Volume: 194,243
Technical Sentiment Signal: Buy
Current Market Cap: A$85.35M
See more insights into TGN stock on TipRanks’ Stock Analysis page.