Tempest Minerals Limited ( (AU:TEM) ) has shared an announcement.
Tempest Minerals Ltd has successfully raised $400,000 through a placement to sophisticated and wholesale investors, aimed at advancing its gold exploration and Remorse Iron development projects in Western Australia. The funds will support ongoing exploration activities and the development of the Remorse Iron discovery, positioning the company to expand its portfolio and strengthen its market presence. The company also plans a non-renounceable entitlement issue to raise additional funds, with Cygnet Capital Pty Ltd appointed as the lead manager.
More about Tempest Minerals Limited
Tempest Minerals Ltd is an Australian-based mineral exploration company with a diverse portfolio of projects in Western Australia. The company focuses on precious, base, and energy metals, leveraging its experienced board and management team’s expertise in exploration, operations, and corporate success to maximize shareholder value through data-driven and risk-weighted exploration and development.
Technical Sentiment Signal: Buy
Current Market Cap: €1.43M
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