TME - Tungsten Metals Group

[System]

Tungsten Metals Group Ltd is an Australian unlisted public company, previously listed on the ASX under the name ‘Hazelwood Resource Limited’ (Hazelwood), which first listed in October 2006.

In March 2016, Hazelwood changed its name to ‘ATC Alloys Limited’ (ATC Alloys), and a new board and management team were appointed. ATC Alloys was subsequently placed into voluntary suspension in September 2016 and remained suspended until it was delisted from the ASX on 3 February 2020.

The Company now currently holds a 60% ownership in ATP-Vn, the Vietnamese entity which owns and operates a Ferrotungsten (FeW) processing facility (the Facility) in Vietnam. Following its listing on the ASX, the Company will increase its ownership interest in ATP-Vn to 100%, thereby acquiring sole ownership of the Facility.

The Company's business model is to purchase tungsten feedstock and convert the feedstock into ferrotungsten for sale.

It is anticipated that TME will list on the ASX during September 2024.

Tungsten Metals Group

We are an Australian tungsten company de-risking global tungsten supply, operating the largest ferro tungsten furnace outside of China.

www.tungstenmetalsgroup.com

 

[Dona Ferentes]

Listing date	16 September 2024 #
Contact details	https://www.tungstenmetalsgroup.com/ Ph: +61 8 6188 8181
Principal Activities	The production of ferrotungsten for sale from a facility in Vietnam.
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	TME
Capital to be Raised	$14,000,000
Expected offer close date	29 August 2024
Underwriter	Not underwritten. STK Markets Pty Ltd (Lead Manager)