Can Torque Metals Sustain Momentum Without Immediate Capital Raising?

Strong Shareholder Confidence Drives Early Option Exercises

Torque Metals Limited (ASX – TOR) has announced a significant boost to its exploration funding following the early exercise of 12.8 million options by major shareholders. This move has injected approximately $2.8 million into the company, reflecting robust confidence in Torque’s strategic direction and the long-term potential of its Paris Gold Project in Western Australia’s Goldfields Region.

As of June 30, 2025, Torque held cash reserves of $3.4 million, and with the recent capital inflow from option conversions, alongside a $1 million drill-for-equity agreement with Topdrill, the company is well positioned financially. This strong cash position enables Torque to pursue an aggressive exploration program over the next six months, focusing on expanding and testing new targets within the Paris Deposit.

Exploration Plans and Financial Flexibility

The Paris Gold Project remains the centerpiece of Torque’s growth ambitions. The company plans to extend its current drilling program, including follow-up investigations on recently identified DHEM conductor plates, which could indicate new mineralisation zones. The early option exercises not only provide immediate funding but also reduce the pressure for near-term capital raising, a positive signal for investors wary of dilution.

Moreover, Torque still has 25 million options outstanding, exercisable at $0.25 until May 2026. If these options are converted, they could contribute an additional $6.2 million, further enhancing the company’s financial flexibility and capacity to advance exploration without external funding constraints.

Management’s Perspective

Torque’s Managing Director, Cristian Moreno, expressed gratitude towards the shareholders who exercised their options early. He highlighted that the participation of long-term and major shareholders underscores their confidence in the company’s exploration strategy and growth prospects. This shareholder support is crucial as Torque aims to unlock the value of the Paris Gold Project through focused and well-funded exploration activities.

With the current funding secured and a clear exploration roadmap, Torque Metals is set to accelerate its efforts in one of Western Australia’s promising gold regions. The company’s ability to leverage shareholder backing and innovative funding arrangements like drill-for-equity agreements positions it well in a competitive mining exploration landscape.