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Terra Critical Minerals Limited (ASX:T92)

ALERT: Price-sensitive ASX Announcement for T92
Current share price for T92 : $0.044 -0.009 (-16.98%)+
Announcement
Release
16 Jan 2026 10:01AM
Price at Release
$0.053
Full Release
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Summary
Terra Critical Minerals Limited (ASX:T92) has finalized the acquisition of the True American Tungsten Project located in central Nevada, USA, at the junction of the Getchell and Battle Mountain Mineral Belts. The project holds significant potential due to its historical high-grade tungsten mineralization and under-explored status since the 1940s. This acquisition marks Terra's strategic expansion into North America, aligning with U.S. government funding opportunities amid soaring global tungsten demand. The company plans to conduct geological mapping, geochemical and geophysical surveys, and diamond drilling to validate and expand upon historical findings. Tungsten's escalating market demand, driven by supply constraints in China, further underscores the project's strategic value.
Key Points
  • Terra Critical Minerals has acquired 100% of the True American Tungsten Project in Nevada, USA.
  • The acquisition supports a strategic North American expansion with potential U.S. government funding access.
  • Historical data shows exceptional high-grade tungsten mineralization, with values up to 11.1% WO3.
  • The project site has not undergone modern exploration since the 1940s.
  • Terra plans to employ a modern, systematic exploration approach beginning February 2026.
  • Global tungsten prices are at multi-decade highs, boosting the acquisition's strategic timing.
  • The area features significant geological formations conducive to tungsten and other mineral deposits.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.