Australia's Talisman Mining down on discounted placement

Talisman Mining

02/09/2026 03:28

** Shares of Australia's Talisman Mining TLM.AX fall as much as 7.2% to A$0.065, hitting their lowest since August 21
** Stock headed for its weakest session since August 25, if current losses hold
** Precious metals explorer receives firm commitments to raise A$4 million ($2.86 million) via share placement
** Issue price A$0.065 per share, a 7.1% discount to stock's last close on August 27
** Co says funds to be used for exploration activities at existing projects, new project evaluation and as general working capital
** Stock down 51.9% YTD, including sessions' moves

($1 = 1.4002 Australian dollars)

 (Reporting by Shravya Marakini in Bengaluru)
 ((shravya.marakini@thomsonreuters.com;))