Tartana Minerals secures $5.2M strategic investment

• Tartana Minerals (ASX:TAT) has secured a $5.2 million cornerstone investment from Xingye Gold (Hong Kong) Mining Company.
• The equity placement was priced at $0.053 per share, representing a 165% premium over the stock's previous closing price.
• The business stated that the fresh funding will accelerate exploration across its base and precious metal projects in Queensland.

Tartana Minerals (ASX:TAT) has executed a binding agreement to raise $5.2 million through a cornerstone share placement to Xingye Gold (Hong Kong) Mining Company.

The issue price of $0.053 per share represents a 165% premium to the stock's last traded price before market execution.

The company stated that the transaction establishes a strategic partnership that provides technical and operational backing from an established global mining group.

Under the terms of the placement, Xingye will acquire approximately 19.99% of issued capital to become the largest shareholder in Tartana Minerals.

Following the announcement, the Tartana Minerals share price was unchanged at $0.02.

Tartana Minerals focuses on exploring and developing copper, zinc, silver, tin, and gold assets within the Chillagoe region of Far North Queensland.