Glencore’s Major Stake in True North Copper

True North Copper (AU:TNC) has released an update.

True North Copper Limited has announced that Glencore Australia Holdings Pty Limited has become a substantial holder, acquiring 12.7 million fully paid ordinary shares, reflecting a 9.97% voting power. This significant acquisition, valued at $6.35 million, indicates Glencore’s growing interest and influence in the company, potentially impacting True North Copper’s market position and investor outlook.

For further insights into AU:TNC stock, check out TipRanks’ Stock Analysis page.