Capital Signal

True North Copper Limited (ASX: TNC)

Sector: Materials

Market cap: A$54M (as of 2 Nov 2026)

Mining exploration activities

Data as of 2 Nov 2026.

Recent capital raises

DateTypeAmountPriceDiscountSource
16 Sept 2026SPP$0.75M$0.37—Filing ↗
8 Dec 2025Placement$12.5M$0.50—Filing ↗
13 Jan 2025Placement$50.9M$0.01—Filing ↗
4 Dec 2024SPP$5M$0.01—Filing ↗
25 Nov 2024Placement$50.3M$0.0183.3% discountFiling ↗

Substantial holders — latest moves

DateHolderMoveHoldingSource
2 Sept 2026Tembo Capital Holdings UK Ltd (Tembo) and Tembo Group EntitiesDecrease24.93% → 20.15%Filing ↗
27 Aug 2026Glencore Australia Holdings Pty LimitedDecrease6.31% → 5.2%Filing ↗
25 Aug 2026REGAL PARTNERS FUNDS MANAGEMENT PTY LIMITEDExit—Filing ↗
14 Aug 2026REGAL FUNDS MANAGEMENT PTY LIMITED AND ASSOCIATESDecrease6.66% → 5.42%Filing ↗
23 June 2026Glencore Australia Holdings Pty LimitedDecrease8.56% → 6.31%Filing ↗

Director trades — on-market

DateDirectorTradeSource
26 Aug 2025Andrew MooneyBought 100,000Filing ↗
8 July 2025Paul CroninBought 500,000Filing ↗
20 May 2025Mr Paul Michael FrederiksBought 150,000Filing ↗
20 May 2025Bevan JonesBought 120,000Filing ↗
16 May 2025Paul CroninBought 300,000Filing ↗

Cash and runway

MetricValueAs ofSource
CashA$13M30 Sept 2026Filing ↗
Runway1.9 quarters30 Sept 2026Filing ↗

Latest guidance

DatePeriodGuidanceSource
31 Oct 2023Q4 2023Production is tracking towards 160-300 tonnes of copper metal for Q4 2023. Daily production rates will continue to increase, until plant capacity is reached towards the end of the quarter.Filing ↗

Ask about TNC in Claude or ChatGPT

Add the Capital Signal connector at https://capitalsignal.io/api/mcp, then ask:

  • Has TNC raised money in the last year, and at what discount?
  • What was TNC's latest cash position and runway?

Setup guide for Claude, ChatGPT and other MCP clients →

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