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Tempest Minerals Secures $400K Placement, Eyes $1.47M Entitlement to Boost WA Projects

6:41am on Monday 2nd of June, 2025 AEST Mining
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Tempest Minerals Secures $400K Placement, Eyes $1.47M Entitlement to Boost WA Projects

6:41am on Monday 2nd of June, 2025 AEST
Key Points
  • Raised $400,000 via placement of 100 million shares at $0.004 each
  • Issued 25 million free attaching options exercisable at $0.01 until May 2027
  • Plans non-renounceable entitlement issue to raise approximately $1.469 million
  • Funds targeted for gold exploration and Remorse Iron deposit development
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