Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
The latest announcement is out from Tanzanian Royalty Exploration ( (TSE:TRX) ).
On February 10, 2025, TRX Gold Corporation announced new financing agreements to enhance its capital and liquidity. The company entered its first credit agreement with Stanbic Bank Tanzania and a Gold Prepayment Facility with Auramet International, providing access to $5 million in revolving credit and $4 million in asset financing, along with approximately $2.75 million from the gold facility for working capital. Additionally, TRX Gold renewed its At The Market Offering Agreement with H.C. Wainwright and Roth Capital, allowing for the sale of up to $25 million in shares. These financial arrangements aim to support the company’s growth and operational expansion, offering increased flexibility and capital deployment options.
More about Tanzanian Royalty Exploration
TRX Gold Corporation operates in the mining industry, focusing on the exploration and development of gold properties. The company is committed to advancing its Buckreef Gold Project, with a strategic emphasis on enhancing production capabilities and financial flexibility to support growth.
YTD Price Performance: 1.90%
Average Trading Volume: 485,210
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $90.36M
For a thorough assessment of TRX stock, go to TipRanks’ Stock Analysis page.
