$85 Million Institutional Placement to Advance Southwest
Filed with ASX · · 2 pages · English
Terra Metals Limited (ASX:TM1) (Company) is pleased to announce that it has successfully secured commitments from new and existing institutional and sophisticated investors to subscribe for 229,729,730 new ordinary shares of the Company at an issue price of A$0.37 per share, to raise gross proceeds of A$85 million (Placement). The Placement received strong support from existing major shareholders,
In the deck
Story so far
Earlier from Terra Metals
- Trading Halt
- High-Grade PGM Feeder System Confirmed at Southwest SW6
- New Thick Ti-V-Ga Discovery Across Southwest SW3 and SW4
- Resource Upgrade Drilling Continues to Confirm Thick Reef
- December 2025 Quarterly Report
Later from Terra Metals
- Drilling Continues to Define Ti-V-Cu-PGM System at Dante
- Sulfide System Expanded at Southwest
- Massive Sulfides Intercepted at Southwest SW6 DHEM Target
- Sampling Confirms 172m Unbroken PGM-Cu-Ni Zone at Southwest
- March 2026 Quarterly Report
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