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TNG raises working cash ahead of Mt Peake funding

TNG is raising A$15 million (US$10.4 million) as it works to progress the Mount Peake vanadium-titanium-iron project in Australia’s Northern Territory, which requires about US$600 million to bring into production.

TNG raises working cash ahead of Mt Peake funding TNG raises working cash ahead of Mt Peake funding TNG raises working cash ahead of Mt Peake funding TNG raises working cash ahead of Mt Peake funding TNG raises working cash ahead of Mt Peake funding

TNG needs to find a lot of cash for Mount Peake in Australia

Two Germany-based institutions are putting in $10 million at 9.3c per share, and are underwriting the $5 million non-renounceable rights issue set to be undertaken.

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