Australia's Tungsten Mining hits two-week low on discounted placement

Tungsten Mining NL

09/02/2026 02:26

** Shares of Australia's Tungsten Mining  TGN.AX fall as much as 11.3% to A$0.235, their lowest since January 22

** Tungsten producer raises A$53.0 million ($37.20 million) at an issue price of A$0.19 per share

** Issue price represents a 28.3% discount to the stock's last close on February 6

** YTD, shares up 17.1% after rising 20.5% in 2025

($1 = 1.4247 Australian dollars)

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))