Terra Metals and Tungsten Mining lead a volatile week as big raisings divide investors

• Terra Metals jumped on a high-grade PGM hit, while Tungsten Mining surged on booming prices and a strong early-stage study.
• Arafura Rare Earths slid hard despite a large equity raise, as investors worried about dilution and the long wait for a final go-ahead.
• Defence tech names pointed to big pipelines and backlogs, but some still fell as traders locked in gains.
• Deal-making stayed busy, from insurance broking offshore to gold and lithium consolidation.