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

Tungsten Mining NL

22/09/2026 02:41

** Shares of Tungsten Mining TGN.AX fall 14.9% to A$0.328, on track for their worst session since early February, if current trends hold
** Shares hit their lowest level since September 7
** The tungsten producer secures A$50 million ($35.55 million) placement at A$0.32 per share
** Issue price represents a discount of 16.9% to stock's last close
** About 9.5 million shares change hands, 2.3x the 30-day average of 4.2 million 
** Stock up 50%, YTD, including moves in current session

($1 = 1.4067 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))