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True North Copper ( (AU:TNC) ) just unveiled an announcement.
True North Copper Limited has resumed trading on the ASX after a period of voluntary administration, successfully raising $53.4 million to restructure its balance sheet and secure its future operations. The company has planned an extensive exploration program for 2025 to expand its mineral inventory, particularly at Mt Oxide and the Great Australia Mine. This initiative, along with new management and reduced corporate overhead, aims to drive long-term shareholder value through sustainable growth.
More about True North Copper
True North Copper Limited operates in the natural resources industry, focusing on copper exploration and production. The company is strategically positioned with assets in regions known for Tier 1 deposits and is committed to developing these assets to achieve sustainable production.
YTD Price Performance: -84.67%
Average Trading Volume: 255,779
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$58.6M
For a thorough assessment of TNC stock, go to TipRanks’ Stock Analysis page.
