Terra Metals Limited (ASX: TM1) (“Terra Metals” or “the Company”) has announced a significant development on 13 June 2025—securing a $4 million strategic investment to accelerate the advancement of its flagship Dante Project in Western Australia. This funding milestone arrives at a crucial point in the Company’s journey to establish one of Australia’s most promising critical minerals deposits.
The capital raise, conducted through a placement of 114,285,715 new ordinary shares at $0.035 per share, attracted two influential strategic investors—Golden Energy and Resources Pte Ltd (GEAR) and Matthew Latimore of M Resources Pty Ltd. Their inclusion marks a decisive step forward in Terra Metals’ pursuit of critical minerals exploration and development.
Figure 1: Map showing the location of the Dante Project along with nearby company tenements and major mineral deposits in the region. [Credit: Terra Metals]
Strategic Partnerships: A Vote of Confidence
Golden Energy and Resources (GEAR), an Asia Pacific resources powerhouse, brings more than just capital. With operations in metallurgical coal and gold mining across Queensland and New South Wales, GEAR is no stranger to large-scale mining ventures. Its involvement signifies a robust endorsement of Terra Metals’ long-term vision.
“The Dante Project is clearly a standout district scale opportunity for a globally significant critical minerals resource. GEAR is pleased to take up a shareholding in Terra Metals and to be partnering with and supporting Terra Metals in this exploration journey,” stated Mark Zhou, Executive Director and Chief Investment Officer of GEAR.
Equally noteworthy is the participation of Matthew Latimore, a well-respected figure in the Australian mining landscape. Through M Resources, Latimore holds investments in numerous resource ventures including Stanmore Resources (ASX:SMR), Mastermyne Limited, and the GM3 Illawarra Metallurgical Coal Complex.
“I am pleased to make this investment into Terra Metals and support the development of the Dante Project, a uniquely positioned, large-scale opportunity in the critical minerals sector… It also complements our existing Queensland-based vanadium and graphite assets,” said Latimore.
Matthew Latimore, M Resources [M Resources]
Dante Project: A Geological Powerhouse
The Dante Project, located in the West Musgrave region of Western Australia, is poised to become Australia’s first Bushveld-style sulphide reef system. Discovered in June 2024, drilling to date has confirmed laterally extensive, stratiform mineralisation extending over 10km of strike and from surface to depths of 250m.
Highlights include:
- Large, stratiform Cu-PGE-Au-V205-Ti02 mineralised reefs
- Over 17,000 metres of drilling completed
- Recent acquisitions have extended prospective strike to hundreds of kilometres
- Excellent metallurgical results in early testing
“This is a major milestone for the Company and a significant validation for the Dante Project, which has potential to be a multigenerational resource project… Dante has proven exceptional metallurgical performance from first pass testwork,” said Thomas Line, CEO & Managing Director of Terra Metals.
A maiden Mineral Resource Estimate (MRE) is in progress, with South African independent resource consultants expected to conduct a site visit in mid-June 2025.
Thomas Line, CEO & MD of Terra Metals, oversees fieldwork at the Dante Project, where drilling continues to return high-grade copper, vanadium, and titanium results, highlighting the project’s significant critical minerals potential in Western Australia. [Credit: Terra Metals]
Placement Details
The capital raise will be completed in two tranches:
- 62,761,904 shares issued on or about 19 June 2025 under ASX Listing Rules 7.1 and 7.1A.
- 51,523,811 shares, subject to shareholder approval at a forthcoming General Meeting.
Interestingly, the issue price of $0.035 per share represents a 16.7% discount to the last closing price of $0.042 and a 1.6% premium to the 30-day VWAP of $0.0345, suggesting strategic investors are optimistic about the Company’s value.
Ongoing Projects: Broadening the Resource Horizon
In addition to Dante, Terra Metals is developing several other high-potential projects:
Onslow Copper-Gold Project
Located in the Capricorn Orogen, the Onslow Project covers 567 km² across three tenements. Historic exploration hints at BIF-hosted gold and iron-oxide copper-gold mineralisation. The project remains largely untested below cover sequences, with recent airborne EM surveys uncovering new drill-worthy anomalies.
Southern Cross Lithium Project
Following a 1,770-sample UltraFine soil campaign, a 10 km x 2 km lithium anomaly (>100ppm Li2O) has been identified. Located along the Koolyanobbing Shear Zone in the Yilgarn Craton, it aligns with known lithium giants like Mt Holland and Split Rocks. Accelerated infill sampling is now planned.
Investor Outlook: Stock Market Performance & Fundamentals
As of 13 June 2025, Terra Metals (ASX: TM1) reached $0.049, posting a 16.67% daily gain from its previous close of $0.042. The Company has experienced remarkable upward momentum:
- +22.50% over 1 week
- +81.48% in the past month
- +75.00% YTD
- +13.95% over the past year
- +29.91% outperformance against sector
- Market Cap: $20.34 million
The strategic investment not only validates the geological merit of the Dante Project but also places Terra Metals on the radar of long-term investors seeking exposure to critical minerals with energy transition relevance.
Performance of Terra Metals Stock in the last 3 months [ASX.com.au]
Final Thoughts: Strategic Momentum with Critical Resources
(Clockwise from top left) Matthew Latimore, Mark Zhou, and Thomas Line [Credit: M Resources, GEAR, Terra Metals]
With new capital, an ambitious exploration agenda, and endorsement from industry veterans, Terra Metals is shaping up as a front-runner in Australia’s critical minerals sector. The Dante Project’s scale, paired with strong investor interest, positions TM1 as a potential heavyweight in copper, PGEs, vanadium, and titanium—a true powerhouse for the clean energy future.
