Talisman Metals Plc
Key information
Key information
Sector
Industrial Metals and Mining
Website
Close date
Delivery
Placing price
Last price
Discount
Amount raised
7.7p
7.7 p
0 %
£1,155,000
Company description
Talisman Metals plc is an AIM-listed mineral exploration company, formed following the reverse takeover of Tadeen International Limited and the successful readmission of the enlarged group to trading on AIM under the ticker TLM. The company is focused on copper and silver exploration, with its core asset base located in Morocco.
Talisman’s Moroccan portfolio is held through its wholly owned subsidiary, Horizons Mines SARL, and comprises 10 exploration permits covering approximately 129.8 km² across the Tizert and Argana project areas. These licences are situated in well-established and highly prospective mineral belts and are considered favourable for copper-silver mineralisation.
Use of proceeds
The Fundraise was conducted to fund, along with its existing cash resources, the work programme on its core exploration permits at the Tizert and Argana projects, provide general working capital and fund the costs of Admission
Company announcement
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