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Tartana Minerals Limited (ASX:TAT)

ALERT: Price-sensitive ASX Announcement for TAT
Current share price for TAT : $0.019 -0.001 (-5%)+
Announcement
Release
17 Jul 2026 9:30AM
Price at Release
$0.020
Full Release
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Summary
Tartana Minerals Limited (ASX: TAT) has announced a strategic investment agreement with Xingye Gold (Hong Kong) Mining Company Ltd, a subsidiary of Inner Mongolia Xingye Silver & Tin Mining Company Ltd. The investment involves Xingye subscribing for new shares in Tartana at a price of $0.053 per share, resulting in a total capital raise of approximately $5.18 million. This transaction is structured in two tranches, with Tranche 1 expected to issue 43,460,678 shares and Tranche 2 to issue 54,325,847 shares. Upon completion, Xingye will hold 19.99% of Tartana's issued capital. The funds raised will be used to accelerate the expansion of Tartana's exploration activities in its projects in Far North Queensland, focusing on silver, tin, copper, zinc, and gold. The transaction is contingent upon completion of due diligence and receipt of regulatory approvals, including FIRB clearance for Tranche 2. This partnership provides both financial and technical support from Xingye, enhancing Tartana's capacity to develop its asset portfolio.
Key Points
  • Tartana Minerals Limited enters into a strategic investment agreement with Xingye.
  • Xingye's investment involves subscribing for new shares at $0.053 per share.
  • Total funds raised from Xingye are approximately $5.18 million.
  • Investment structured in two tranches, with Xingye holding 19.99% of the company's shares.
  • Funds allocated to expand exploration in Queensland focusing on silver, tin, copper, zinc, and gold.
  • Completion subject to due diligence and regulatory approvals including FIRB for Tranche 2.
  • Xingye to provide technical expertise and operational support to Tartana.
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.