Tempest Minerals bolsters coffers with AU$1M to advance exploration

Highlights

  • Tempest Minerals is set to secure AU$1 million through the sale of 2 million TOK shares.
  • Funds generated from the sale will provide additional working capital to advance exploration works at the company’s existing projects.
  • The company has an upcoming drill program scheduled for the Remorse copper target, a part of the flagship Yalgoo Project.

Tempest Minerals Ltd (ASX: TEM), an Australian mineral exploration firm, provided an upbeat update on a share sale transaction. The company is selling 2 million TOK shares to secure AU$1 million (before costs). The sale of part of the profitable investment in TOK will provide additional working capital to advance exploration works at the company’s existing projects. The initial focus is on the Remorse copper target in Yalgoo.

Read more in this Kalkine Media article.