Trigg Minerals Raises AU$2.5 Million with Strong Institutional Support

Highlights:

• Successful Capital Raise: Trigg Minerals Limited (ASX: TMG) secured AU$2.5 million from institutional investors, reflecting strong market confidence in the company's growth strategy.
• Focus on Exploration: The funds will be directed towards advancing exploration and drilling at key projects, including Achilles Antimony, Taylors Arm, Spartan, and Drummond Gold projects.
• Strategic Investor Support: The capital raise was cornerstoned by large Australian and international institutions, highlighting strong backing for Trigg’s ongoing projects and long-term potential.

Strategic Investors Boost Trigg Minerals’ Capital Raising Efforts

Trigg Minerals Limited (ASX: TMG) has successfully raised AU$2.5 million in capital after receiving strong support from both Australian and international institutional investors. The funds were raised through the issue of 100 million fully paid ordinary shares at an issue price of AU$0.025 per share, representing a 16.7% discount to the last closing price of AU$0.030 on October 11, 2024. At the time of writing, the placement reflects investor confidence in Trigg's long-term growth strategy and ongoing projects.

Capital Injection to Fuel Exploration

The proceeds from the capital raise will be utilized primarily to advance exploration and drilling programs across Trigg's portfolio, including its high-grade Achilles Antimony, Taylors Arm, Spartan, and Drummond Gold projects. The funds will also cover general working capital, transaction costs, and due diligence for potential acquisitions. With antimony prices surging to around US$29,000 per metric ton—more than doubling in the past year—Trigg is well-positioned to capitalize on this market momentum.

Investor Confidence in Strategic Direction

Tim Morrison, Executive Chairman of Trigg Minerals, expressed his satisfaction with the successful capital raise, stating, “We are thrilled with the overwhelming response from strategic investors and global funds, which reinforces the market’s confidence in our business strategy. This capital injection gives us a strong financial platform to continue delivering on our plans and creating shareholder value.”

The placement is expected to settle by October 23, 2024, with the shares issued the following day.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com