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Terra Critical Minerals Limited (ASX:T92)

ALERT: Price-sensitive ASX Announcement for T92
Current share price for T92 : $0.044 -0.003 (-6.38%)+
Announcement
Release
28 Nov 2025 7:12PM
Price at Release
$0.047
Full Release
download
Summary
Terra Critical Minerals Limited has entered into a binding agreement to acquire the True American Tungsten Project located in Nevada, USA. This high-grade, past-producing tungsten site, situated in a prolific mining district, presents significant geological potential for further exploration. The acquisition involves milestone payments tied to exploration outcomes and includes a commitment to spend at least A$500,000 on the project within one year, with an additional A$500,000 by the second year. The project area includes 28 unpatented lode claims and is strategically located near other major tungsten projects. With tungsten prices at historic highs due to global supply constraints, Terra plans to undertake extensive geological mapping, geochemical sampling, and geophysical surveys to identify new ore sources.
Key Points
  • Terra to acquire 100% of the True American Tungsten Project in Nevada.
  • The project is located in a prolific mining district with substantial geological potential.
  • It involves milestone payments tied to exploration achievements.
  • Commitment to spend A$1 million on the project over two years.
  • Project includes 28 unpatented lode claims.
  • Located near other significant tungsten projects such as Springer Mine and Pilot Mountain.
  • Plans for extensive exploration activities including geological mapping and sampling.
  • Tungsten prices are at all-time highs due to supply disruptions from China.
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.