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Techgen Metals Ltd. ( (AU:TG1) ) just unveiled an announcement.
TechGen Metals Ltd. has successfully completed a pro-rata non-renounceable entitlement issue, raising approximately A$2.5 million to advance exploration at its Blue Devil and Mt Boggola projects. This capital will fund drilling campaigns and additional geophysical surveys aimed at identifying further copper and gold targets. The rights issue was fully subscribed by existing shareholders, reflecting strong support for the company’s exploration initiatives. The completion of this funding round strengthens TechGen’s financial position, enabling it to pursue its strategic objectives in the mineral exploration sector.
More about Techgen Metals Ltd.
TechGen Metals Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in copper and gold exploration, with significant projects at Blue Devil and Mt Boggola, targeting high-grade mineral deposits.
Average Trading Volume: 2,588,397
Technical Sentiment Signal: Buy
Current Market Cap: A$9.04M
See more insights into TG1 stock on TipRanks’ Stock Analysis page.