InvestSMART

Trek Metals Limited (ASX:TKM)

ALERT: Price-sensitive ASX Announcement for TKM
Current share price for TKM : $0.130 -0.035 (-21.21%)+
Announcement
Release
17 Feb 2026 9:13AM
Price at Release
$0.165
Full Release
download
Summary
Trek Metals Limited (ASX: TKM) announced a $15 million capital raising to support a major drilling program at the Kuro manganese discovery in the Kimberley region, Western Australia. This initiative follows strong investor demand and includes the participation of both new and existing investors, including prominent Australian institutional investors. The funds will be used for a comprehensive drilling campaign at the company's 100%-owned Christmas Creek Project, aiming to evaluate high-grade manganese mineralization and advance it towards a maiden Mineral Resource. This effort is part of Trek's broader strategy to accelerate exploration and bolstered by the introduction of institutional investors to its share register.
Key Points
  • Firm commitments for a $15 million share placement at $0.15 per share.
  • Strong support from new and existing investors, with significant demand leading to scale-backs.
  • Introduction of prominent Australian institutional investors to Trek's share register.
  • Trek Directors to participate with investments totaling $1.45 million, pending shareholder approval.
  • Major drilling program scheduled at the Kuro manganese discovery in April.
  • Funds will strengthen Trek's balance sheet and support exploration at Christmas Creek.
  • The placement will include both Reverse Circulation and diamond drilling.
  • The raised funds will also support metallurgical test work and continued gold exploration.
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.