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Tungsten Mining NL
(Sydney:TGN)
Tungsten Mining NL (TGN) vs. iShares MSCI Australia ETF (EWA)
Tungsten Mining NL Business Overview & Revenue Model
Tungsten Mining NL Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.60K | 106.62K | 4.23K | 0.00 | 20.79K | 143.47K |
| Gross Profit | -457.76K | 106.62K | -992.79K | -433.42K | -267.75K | -133.81K |
| EBITDA | -5.71M | -5.53M | -4.74M | -3.28M | -5.22M | -4.85M |
| Net Income | -6.53M | -7.82M | -5.11M | -2.93M | -5.09M | -4.72M |
Balance Sheet | ||||||
| Total Assets | 45.07M | 42.90M | 29.85M | 35.06M | 36.99M | 42.87M |
| Cash, Cash Equivalents and Short-Term Investments | 4.22M | 2.74M | 8.31M | 12.64M | 14.88M | 19.59M |
| Total Debt | 4.64M | 4.56M | 641.11K | 822.26K | 412.15K | 656.34K |
| Total Liabilities | 13.19M | 14.33M | 2.48M | 2.58M | 1.56M | 2.36M |
| Stockholders Equity | 31.89M | 28.56M | 27.38M | 32.49M | 35.42M | 40.51M |
Cash Flow | ||||||
| Free Cash Flow | -9.14M | -9.35M | -4.06M | -1.93M | -4.74M | -4.21M |
| Operating Cash Flow | -5.29M | -5.53M | -4.02M | -1.91M | -4.60M | -4.14M |
| Investing Cash Flow | -4.18M | -3.81M | -42.48K | -15.47K | 444.78K | 59.39K |
| Financing Cash Flow | 4.28M | 3.80M | -268.21K | -303.85K | -292.43K | 468.11K |
Tungsten Mining NL Technical Analysis
Tungsten Mining NL Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$91.40M | ― | -27.95% | ― | ― | -43.08% | |
51 Neutral | AU$74.19M | 134.00 | 0.85% | ― | -16.97% | -94.15% | |
48 Neutral | AU$100.68M | ― | -10.46% | ― | -85.84% | 73.66% | |
43 Neutral | AU$85.86M | ― | -103.22% | ― | ― | -278.88% | |
41 Neutral | AU$106.52M | ― | ― | ― | ― | 54.26% | |
33 Underperform | AU$149.49M | ― | -116.31% | ― | ― | -414.88% |
Tungsten Mining NL Corporate Events
Tungsten Mining NL has released a presentation highlighting its operations and strategic focus on addressing global critical mineral challenges through its tungsten projects. The company emphasizes its commitment to advancing its mining operations while acknowledging the inherent risks and uncertainties associated with the industry, including regulatory approvals and market fluctuations. Stakeholders are advised to consider these factors carefully, as the company’s forward-looking statements are subject to various external influences.
Tungsten Mining NL has issued 34,178,470 new fully paid ordinary shares to professional and sophisticated investors as part of a placement announced on 30 September 2025. This issuance is part of a larger placement totaling 141,660,385 shares, with the remaining shares to be issued upon receipt of outstanding subscription funds. The company has complied with relevant provisions of the Corporations Act and has no excluded information requiring disclosure, as confirmed in their cleansing notice.
Tungsten Mining NL has initiated the process to list on the U.S. OTCQB Market, driven by strong interest from North American investors. This move aligns with global efforts to secure critical mineral supply chains, with tungsten being crucial for defense, aerospace, and clean energy technologies. The dual listing will provide U.S. investors direct access to the company, supporting its growth trajectory and aligning with U.S. policy on supply diversification.
Tungsten Mining NL has announced the quotation of 34,178,470 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of October 7, 2025. This move is part of a previously announced transaction, potentially enhancing the company’s liquidity and market presence, and providing stakeholders with increased opportunities for investment.
Tungsten Mining NL has announced an updated Indicated and Inferred Mineral Resource Estimate for gold at its Mt. Mulgine Project, totaling 1.9 million tonnes at 1.10 g/t Au for 67,500 ounces. This development strengthens the company’s integrated gold-tungsten strategy, aiming to optimize near-term gold revenue to support the larger-scale tungsten development. The announcement highlights the potential for significant economic benefits from current high gold and tungsten prices, positioning the company to capture long-term value in the global tungsten market.
Tungsten Mining NL announced a proposed issue of 141,660,385 ordinary fully paid securities, with the issuance date set for October 7, 2025. This move is part of the company’s strategy to raise capital, potentially impacting its operational capacity and market positioning within the tungsten industry.
Tungsten Mining NL has successfully raised $9.5 million through a share placement to support its Mt Mulgine gold-tungsten strategy. The funds will be used for metallurgical testwork, engineering, project development, resource modeling, mine planning, and general working capital. This capital raising positions the company well to advance its significant tungsten resources and reinforces its strategy of contributing to global critical minerals supply.
Tungsten Mining NL has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting its commitment to transparency and accountability in its operations. This disclosure is crucial for stakeholders as it reinforces the company’s dedication to maintaining high governance standards, potentially impacting its reputation and investor confidence positively.
Tungsten Mining NL has released its 2025 Annual Report, detailing its operational and financial performance over the past year. The report includes a comprehensive overview of the company’s mining tenements, mineral resources, and ore reserves, as well as financial statements and directors’ reports. This annual report provides stakeholders with insights into the company’s current position and future prospects, highlighting potential risks and opportunities within the mining industry.
Tungsten Mining NL has requested a trading halt on its securities pending an announcement regarding a capital raising. This decision is intended to facilitate an orderly process for the capital raising, with the halt remaining until either the announcement is made or normal trading resumes on September 30, 2025.
Tungsten Mining NL has completed a review of historic drilling at the Camp pits within the Mt Mulgine Project, confirming significant shallow gold mineralisation. This discovery supports the company’s strategy to integrate gold production with tungsten development, aiming to generate early cash flow and unlock long-term value. The review highlights the potential for new zones of mineralisation at depth, which could enhance the project’s strategic importance and benefit stakeholders.
Tungsten Mining NL is advancing its Mt Mulgine Project by integrating a near-term gold extraction strategy to support long-term tungsten development, potentially reducing costs and capital requirements. The company also completed a maiden inferred mineral resource estimate for its Hatches Creek Project, highlighting its strategic value amid rising tungsten prices and global supply constraints.
Tungsten Mining NL has released a presentation detailing its current operations and strategic focus on tungsten, a critical metal for industrial applications. The announcement highlights the company’s commitment to advancing its mining projects, although it acknowledges the inherent risks and uncertainties in the mining sector, such as technical challenges and regulatory approvals. This release underscores the company’s efforts to strengthen its position in the market amidst growing competition and fluctuating commodity prices.