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A webinar will be held on Monday 25 November 2024 to provide further information regarding this announcement. Further details on how to attend will be provided separately to shareholders.
The Directors of Tungsten Metals Group Ltd (Company) would like to advise that the offers made pursuant to the Replacement Prospectus dated 9 August 2024 (Prospectus) have been withdrawn and now closed as a result of the Company having not achieved the minimum subscription amount required under the Prospectus.
Executive Chairman Tony Adcock draws attention to a hidden detail in China's decision to impose export controls on Antimony and related items. Suggesting Tungsten may soon be on their list of restricted exports.
We are pleased to see the announcement by the Australian Govt. to further boost critical minerals funding by an additional $2b and further positioning Australia in a key role globally as a critical minerals provider.
We are is pleased to announce the company has successfully been awarded a $1.2m grant under the Federal Govt. initiative to invigorate Australian critical minerals projects.