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Tungsten Mining Raises $53M to Accelerate Critical Tungsten Projects

10:42am on Monday 9th of February, 2026 AEDT Mining
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Tungsten Mining Raises $53M to Accelerate Critical Tungsten Projects

10:42am on Monday 9th of February, 2026 AEDT
Key Points
  • Completed $53 million placement heavily oversubscribed
  • Placement shares issued at $0.19, slightly below last close
  • Funds to advance Mt Mulgine and Watershed project studies
  • Pre-feasibility and economic evaluation studies due in Q3 and Q2 2026
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