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Theta Gold Mines Limited (ASX:TGM)

ALERT: Price-sensitive ASX Announcement for TGM
Current share price for TGM : $0.180 0.005 (2.86%)+
Announcement
Release
31 Oct 2025 1:17PM
Price at Release
$0.175
Full Release
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Summary
Theta Gold Mines Limited (TGM) reported its quarterly activities and cashflow for the period ending 30 September 2025. The company recorded cash and cash equivalents of US $3.4 million, with total cash outflows from operating and investing activities amounting to US $1,166,000 and US $1,053,000, respectively. No proceeds from equity or convertible debt securities were received, though US $45,000 was obtained from borrowings. Payments to related parties totaled US $111,000. TGM announced a Share Purchase Plan to raise up to A$2 million and secured a crucial 13-year renewal of Mining Right 83, facilitating project financing. The estimated market capitalization was A$244 million as of the quarter end.
Key Points
  • Theta Gold Mines Limited (TGM) had cash and cash equivalents of US $3.4 million as of 30 September 2025.
  • The company's total consolidated cash flows from operating activities resulted in a net cash outflow of US $1,166,000 for the quarter.
  • Cash flows from investing activities also showed a net cash outflow of US $1,053,000.
  • TGM received proceeds from borrowings totaling US $45,000 and repaid US $19,000 in borrowings.
  • The company did not receive any proceeds from equity securities or convertible debt issues during the quarter.
  • Payments to related parties amounting to US $111,000 were recorded, primarily for directors' fees and consulting fees.
  • The estimated market capitalization of TGM was A$244 million (US$161 million) as of 30 September 2025.
  • TGM announced a Share Purchase Plan (SPP) aimed at raising up to A$2 million to eligible shareholders.
  • The company secured a 13-year renewal of Mining Right 83, critical for project financing, covering key mines contributing to over 75% of the Feasibility Study schedule.
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.