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TG Metals Ltd.
(Sydney:TG6)
TG Metals Ltd. (TG6) vs. iShares MSCI Australia ETF (EWA)
TG Metals Ltd. Business Overview & Revenue Model
TG Metals Ltd. Financial Statement Overview
| Breakdown | ||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | -98.15K | 0.00 | 0.00 | -755.00 | EBIT |
| 0.00 | -1.85M | ― | -2.03M | -55.97K | EBITDA |
| 0.00 | -2.25M | -1.18M | 0.00 | 0.00 | Net Income Common Stockholders |
| 0.00 | -2.28M | -1.21M | -2.03M | -55.97K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 5.32M | 8.05M | 3.79M | 5.71M | 184.73K | Total Assets |
| 12.66M | 14.01M | 5.28M | 6.20M | 456.33K | Total Debt |
| 159.94K | 8.70K | 40.67K | 0.00 | 0.00 | Net Debt |
| -5.16M | -8.04M | -3.75M | -5.71M | -184.73K | Total Liabilities |
| 408.14K | 981.29K | 181.55K | 98.08K | 15.97K | Stockholders Equity |
| 12.25M | 13.03M | 5.09M | 6.11M | 440.37K |
| Cash Flow | Free Cash Flow | |||
| -2.68M | -5.25M | ― | ― | ― | Operating Cash Flow |
| -704.51K | -1.74M | ― | ― | ― | Investing Cash Flow |
| -1.97M | -3.51M | -930.42K | -167.12K | ― | Financing Cash Flow |
| -52.12K | 9.51M | -20.52K | 6.16M | ― |
TG Metals Ltd. Technical Analysis
TG Metals Ltd. Peers Comparison
TG Metals Ltd. Corporate Events
TG Metals Ltd announced updates on the Van Uden Gold Project, highlighting recent drilling efforts conducted between 2020 and 2024. The drilling has confirmed the continuity of gold mineralization and is expected to enhance the existing mineral resource estimate. The company has resurveyed drill collars for accuracy, and the updated JORC compliant resource model is anticipated to be completed by the end of May. This development supports a simple model with continuous gold mineralization over a 2.5km strike, and the company is also progressing plans for early production opportunities.
Montague Resources Australia Pty Ltd has become a substantial holder in TG Metals Ltd, acquiring a 7.12% voting power through 5,714,285 fully-paid ordinary shares. This acquisition marks a significant stake in TG Metals, potentially influencing the company’s strategic decisions and impacting its market positioning.
TG Metals Ltd has issued 5,714,285 new shares as part of a strategic move to acquire an 80% interest in the Van Uden Gold Project from Montague Resources Australia Pty Ltd. This acquisition is expected to bolster TG Metals’ position in the gold mining sector, potentially enhancing its operational capabilities and market presence.
TG Metals Ltd. has completed the acquisition of an 80% stake in the Van Uden Gold Project from Montague Resources Australia Pty Ltd, with Barto Gold Pty Ltd retaining a 20% interest. This acquisition allows TG Metals to commence field activities, including a drilling program on existing mineralized stockpiles, with the potential for near-term treatment and cash flow. The company is also working on an updated Mineral Resource Estimate and has initiated mining studies, positioning itself for a low capital cost startup.
TG Metals Ltd has acquired an 80% stake in the Van Uden Gold Project, located in the Forrestania Region of Western Australia, enhancing its portfolio in the southern goldfields. This acquisition provides TG Metals with direct exposure to gold, a commodity currently at historic high prices, and offers potential near-term cash flow from surface stockpiles and shallow gold mineralization. The project includes extensive drilling data, past mining operations, and proximity to gold processing plants, which positions the company for growth and diversification. The acquisition complements TG Metals’ existing lithium assets and strengthens its market position by adding a second project to its asset portfolio.
TG Metals Ltd. announced a change in the director’s interest, with Richard Bevan converting Class A and Class B Performance Rights into 933,334 Ordinary Fully Paid Shares. This conversion reflects the satisfaction of performance milestones, impacting the director’s holdings and potentially influencing the company’s market positioning.
TG Metals Ltd announced the conversion of 1,703,335 Class A and 1,703,333 Class B Performance Rights into 3,406,668 new shares, having met all vesting conditions. This conversion allows the new shares to be sold under the exemption provided by section 708A(5) of the Corporations Act, indicating compliance with relevant legal and regulatory requirements, and potentially enhancing liquidity and shareholder value.
TG Metals Ltd has released its interim report for the period ending December 31, 2024. The report includes various financial statements and declarations, highlighting the company’s financial performance and position. This release is significant for stakeholders as it provides insights into the company’s operational efficiency and financial health, potentially impacting future investment and strategic decisions.
TG Metals Ltd. has announced the acquisition of the Van Uden Gold Project, an advanced gold exploration project in Western Australia. This strategic move is expected to enhance the company’s position in the gold mining sector, potentially increasing its resource base and offering new opportunities for growth. Stakeholders should note the inherent risks and uncertainties associated with exploration activities, which could impact future results and project outcomes.
TG Metals Limited, listed on the ASX under the ticker TG6, has announced the lifting of the suspension of its securities trading following the release of an announcement regarding a new project acquisition. This development signals a potential expansion in TG Metals’ operational portfolio, which may enhance its market positioning and offer new opportunities for stakeholders.
TG Metals Ltd. has announced a proposed issue of 5,714,285 ordinary fully paid securities, scheduled for June 6, 2025. This move is part of a strategic placement to potentially enhance the company’s capital structure and market positioning, with implications for stakeholders in terms of increased investment opportunities.
TG Metals Ltd. has announced the acquisition of an 80% stake in the Van Uden Gold Project in Western Australia from Montague Resources Australia Pty Ltd, with Barto Gold Pty Ltd retaining a 20% interest. This acquisition, valued at A$3.5 million, is strategically significant as it provides TG Metals with an advanced gold project near its existing lithium deposits, offering potential operational synergies and opportunities for near-term cash flow amid record gold prices. The project includes four granted mining leases and has significant exploration potential, with plans to complete a Mineral Resource Estimate and assess existing ore stockpiles for toll treatment.
TG Metals Limited has requested a trading halt on its securities pending an announcement regarding the acquisition of a new project. The halt will last until the announcement is made or until normal trading resumes on March 5, 2025. This move suggests a strategic expansion effort by TG Metals, potentially impacting its market position and stakeholder interests.
TG Metals Ltd. has released an investor presentation highlighting its strategic positioning for growth through the advancement of high-value resource opportunities. Despite uncertainties and potential risks associated with mineral exploration, the company emphasizes its experienced personnel and adherence to the Australian Code for Reporting of Exploration Results, indicating a commitment to transparency and effective resource management. The presentation reaffirms the company’s dedication to its stakeholders by maintaining its material assumptions and technical parameters.