Terra Uranium Limited is a Australian Uranium exploration company and focused on rare earths and manganese in the Northern Territory and Western Australia. It is set to list on the Australian Securities Exchange (ASX).
Terra Uranium Limited has 4 projects – Amadeus Project, Nolans East Project, Coomarie Project and Pargee Project.
*Amadeus Project – The Amadeus Project is located approximately 150km south from Alice Springs
*Pasfield Lake Project – Pasfield Lake is 100% Terra Uranium with 60 km2 of favourable units with highly anomalous surface sandstone geochemical uranium results, airborne magnetics, VTEM anomalies and structural targets. Depth to basement is estimated to be 700 to 900m and is possibly shallower closer to surface within the Cable Bay Shear Zone.
*Parker Lake Project – Parker Lake is 100% Terra Uranium with 27 km2 of favourable units with surface boulder trail geochemistry, MegaTEM, magnetics and structural targets. Depth to basement is estimated at 800 to 900m.
Terra Uranium Limited was looking to raise up to $7.5 million at $0.20 per share in its initial public offering (IPO). The Public Offer opens on 4 Aug 2022 and closes on 25 Aug 2022. The date for quotation on ASX is 8 Sep 2022.
Note: The dates shown on this page are indicative only and may change without notice.
| ASX code | T92 |
| Name | Terra Uranium Limited |
| Website | https://t92.com.au/ |
| Share Registry | Automic Pty Ltd |
| Underwriter | Not underwritten. Peak Asset Management (Lead Manager). |
| Opening Date for the Public Offer: | 4 August 2022 |
| Closing Date for the Public Offer: | 25 August 2022 |
| Date for New Shares to commence trading on ASX | 8 September 2022 11:00 AM AEST |
| Funds to be raised under the Public Offer (before costs) | $7,500,000 |
| Offer price per Share | $0.20 |
| Shares on issue at the Prospectus Date | 11,500,000 |
| Shares to be issued under the Public Offer | 37,500,000 |
| Total Shares | 49,000,000 |
| Escrow | 7,600,000 Shares and 6,000,000 options (a period of 24 months from quotation) 1,300,000 Shares (a period of 12 months from quotation) |