Australia's Talga Group slips on discounted placement

Talga

10/12/2025 24:35

** Shares of Talga Group TLG.AX fall as much as 11.4% to A$0.39, posting their biggest intraday pct drop since late May

** Stock hits its lowest level since July 14

** Specialty miner receives firm commitments to raise A$14.5 million ($9.63 million) via share placement

** Issue price at A$0.41 per share, representing a 6.8% discount to stock's last close

** Co says proceeds will be used to fund engineering studies for a ramp-up in anode production

** More than 1 million shares change hands vs 30-day avg volume of around 639,000 shares

** Stock down 5.7% YTD, including the day's moves

($1 = 1.5065 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))