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Torque Metals Limited (ASX:TOR)

ALERT: Price-sensitive ASX Announcement for TOR
Current share price for TOR : $0.270 -0.04 (-12.90%)+
Announcement
Release
10 Dec 2025 9:42AM
Price at Release
$0.310
Full Release
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Summary
Torque Metals Limited announced a significant $15 million placement that has been fully cornerstoned by tier-1 global institutions. The placement, priced at $0.30 per share, represents a discount to the last traded price but a premium to the 10-day VWAP. The funding will be used to accelerate exploration and drilling at the Paris Gold Project, which is located in a promising yet underexplored greenstone belt in Western Australia. The company aims to expand its high-grade gold resources through an aggressive drilling campaign. This financial boost marks a pivotal step in Torque's growth, providing the company with the means to explore and potentially expand its mineral resource base significantly. The Paris Gold Project is strategically located near major operations, offering development opportunities due to its proximity to existing infrastructure.
Key Points
  • $15 million placement secured from tier-1 global institutions.
  • Placement priced at $0.30 per share represents a 3.2% discount to last traded price and a 7.6% premium to 10-day VWAP.
  • Funds to accelerate exploration at the Paris Gold Project in Western Australia.
  • Paris Gold Project located in a highly prospective, underexplored greenstone belt.
  • Funding supports aggressive drilling campaign and feasibility assessments.
  • Paris Project strategically located with development optionality due to nearby infrastructure.
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.