Australia's Techgen Metals slides on discounted placement

Techgen Metals

10/09/2025 04:33

** Techgen Metals TG1.AX slides as much as 20% to A$0.024; marks biggest percent loss since February 6

** Stock hits lowest since August 28

** Gold explorer raises A$1.2 mln ($792,000) via placement at A$0.018/share

** Issue price represents 40% discount to last close

** Funds will be used to accelerate ongoing exploration activities at Mt Boggola and Blue Devil projects in Western Australia

** TG1 last down 3.3%, taking YTD losses to 10.5%

($1 = A$1.5152)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.SinghChundawat@thomsonreuters.com))