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Terra Metals Limited (ASX:TM1)

ALERT: Price-sensitive ASX Announcement for TM1
Current share price for TM1 : $0.210 -0.195 (-48.15%)+
Announcement
Release
27 Feb 2026 9:43AM
Price at Release
$0.405
Full Release
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Summary
Terra Metals Limited has successfully raised $85 million through an institutional placement to advance exploration and development at the Southwest Prospect, part of the Dante Project in Western Australia. Supported by major shareholders such as GEAR and Tribeca, and with Washington H. Soul Pattinson as a cornerstone investor, the funds will be dedicated to aggressive drilling and economic studies. The placement, managed by Petra Capital Pty Limited, is structured in two tranches to facilitate resource definition and exploration efforts.
Key Points
  • Terra Metals Limited announced a successful $85 million institutional placement.
  • The placement will help advance the Southwest Prospect within the Dante Project in Western Australia.
  • Strong support for the placement was shown by existing major shareholders including GEAR and Tribeca.
  • Washington H. Soul Pattinson participated as a cornerstone investor.
  • Proceeds will be used for drilling, resource definition, and economic studies at the Southwest Prospect.
  • The placement was managed by Petra Capital Pty Limited and completed in two tranches.
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.