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Tungsten Mining Raises $53M to Fast-Track Australian Critical Mineral Projects

9:40am on Tuesday 27th of January, 2026 AEDT Mining
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Tungsten Mining Raises $53M to Fast-Track Australian Critical Mineral Projects

9:40am on Tuesday 27th of January, 2026 AEDT
Key Points
  • Raised $53 million via institutional placement at $0.19 per share
  • Strong demand exceeded placement capacity from new and existing investors
  • Funds earmarked for Mt Mulgine and Watershed project development
  • Placement priced at a 15.6% discount to last close, with no shareholder approval needed
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