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TG Metals Limited (ASX:TG6)

ALERT: Price-sensitive ASX Announcement for TG6
Current share price for TG6 : $0.210 0.02 (10.53%)+
Announcement
Release
4 Aug 2026 9:28AM
Price at Release
$0.190
Full Release
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Summary
TG Metals Limited has raised A$2.5 million to advance its gold and lithium strategies, particularly focusing on expanding the Van Uden Gold Mineral Resources and completing a Scoping Study for a potential heap leach gold operation. The funds will also be used to explore direct shipping ore opportunities at the Lake Johnston Lithium Project. The placement was strongly supported by investors and company leadership, reflecting confidence in TG Metals' strategic projects located in the well-positioned Forrestania and Lake Johnston Greenstone belts with access to existing infrastructure. The capital raise will enable TG Metals to achieve key development milestones while maintaining a low-capital approach.
Key Points
  • TG Metals Limited successfully raised A$2.5 million through a placement.
  • The funding will support the expansion of the Van Uden Gold Mineral Resources and completion of a Scoping Study.
  • Funds will also advance direct shipping ore opportunities at Lake Johnston Lithium Project.
  • Placement was backed by institutional and sophisticated investors, including company directors and management.
  • The Van Uden Gold Project and Lake Johnston Lithium Project are in highly prospective areas with existing infrastructure.
  • Richard Bevan, the Chairperson, highlighted the investor confidence and growth potential of the projects.
  • The placement includes issuing shares and options, subject to shareholder approval.
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.