Tennant Minerals Secures $550,000 in Capital Raising for Exploration

Tennant Minerals ( (AU:TMS) ) has issued an update.

Tennant Minerals Limited has successfully raised $550,000 through a placement of 110 million fully paid ordinary shares. The funds will be used for ongoing exploration of copper and gold targets at the Barkly project, further metallurgical test-work, initial development and processing studies, and general working capital. This capital raising strengthens Tennant’s financial position, allowing it to advance its exploration and development activities, potentially enhancing its market presence and value to stakeholders.

More about Tennant Minerals

Tennant Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of copper and gold resources. The company is primarily engaged in projects in the Northern Territory, including the high-grade Bluebird copper-gold discovery.

Average Trading Volume: 1,146,939

Technical Sentiment Signal: Sell

Current Market Cap: A$4.56M

For an in-depth examination of TMS stock, go to TipRanks’ Stock Analysis page.