$12.5m placement to accelerate Mount Oxide growth
Filed with ASX · · 3 pages · English
True North Copper Limited (ASX: TNC) (True North, TNC or the Company) advises that it has received firm commitments to raise A$12.5 million through a placement of 25,000,000 fully paid, ordinary shares at an issue price of $0.50 per share. The funds will accelerate drilling and growth activities in 2026, with a clear focus on the Company’s flagship Mt Oxide Project and its emerging new Aquila disc
True North Copper Limited on 6ix
Story so far
Earlier from True North Copper
- Trading Halt
- Aquila reaches 900m strike as Mount Oxide continues to grow
- TNC hits 7 m @ 7.9% Cu at Mount Oxide's new Aquila Discovery
- TNC extends Mt Oxide copper discovery strike to beyond 500m
- TNC drilling confirms IOCG targets at Salebury
Later from True North Copper
- Mt Oxide district potential strengthened by scale at Aquila
- Mt Oxide Drilling Continues to Confirm Scale and Continuity
- Cloncurry Copper Project - Wallace North Mineral Update
- Quarterly Activities/Appendix 5B Cash Flow Report
- Cloncurry Copper Project - Great Australia Resource Update
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