Technology Minerals Share Price (TMSP) is an online tool that allows users to track the performance of publicly traded companies in the technology minerals sector. The service provides real-time data on more than 3,000 companies listed on major exchanges around the world, including the London Stock Exchange, Nasdaq, and the Toronto Stock Exchange. TMSP gives users a snapshot of how these companies are performing, allowing them to make informed investment decisions.
Technology Minerals Ltd (ASX: TML) is pleased to announce that it has signed a binding share sale agreement with Mineralogy Pty Ltd, an Australian private company owned by mining magnate Clive Palmer, for the sale of its 100% interest in the Mt Taylor Titanium-Vanadium Project in Western Australia for $1.5 million.
The project comprises three exploration licences and one mining lease covering an area of 1,600 hectares located approximately 250 kilometres south east of Perth. The project hosts a significant titanium-vanadium deposit with a JORC 2012 compliant resource of 8.8Mt @ 0.65% V2O5 and 5.4% TiO2.
The transaction is subject to a number of conditions precedent, including Mineralogy obtaining all necessary approvals from Government and other relevant authorities. Settlement is expected to occur on or before 31 December 2016, at which time Technology Minerals will receive $1 million in cash and $500,000 in shares in Mineralogy Holdings Pty Ltd, a wholly owned subsidiary of Mineralogy Pty Ltd.
Technology Minerals Ipo Date
Many technology companies go public through an IPO, or initial public offering. This is when a company first sells shares of stock to the public. The IPO date is the day that the stock begins trading on a stock exchange.
A company’s IPO can be a very big event. It can raise a lot of money for the company and make its founders and early investors very wealthy. It can also give employees an opportunity to sell their shares and cash out some of their equity.
The downside of an IPO is that it can put a lot of pressure on a young company to perform well in the public markets. There is also more scrutiny from regulators and the media. And, if the stock doesn’t perform well, early investors can lose a lot of money.
Still, many technology companies view going public as an important milestone in their growth.
What is the Technology Minerals Share Price
Technology Minerals is an Australian minerals exploration company. It is listed on the Australian Securities Exchange and has a market capitalisation of approximately $40 million. The company’s shares are traded at around $0.10 each.
How Have Technology Minerals’ Shares Performed Over Time
Technology Minerals (TM) is a publicly traded company on the Toronto Stock Exchange. As of June 2020, TM’s share price was $0.30 CAD.
TM has been in operation since 1987 and is engaged in the exploration and development of industrial minerals properties, primarily in Ontario, Canada.
The company’s flagship property is the Kenora Silica Sand Project, located near Kenora, Ontario. In recent years, TM has focused on advancing the Kenora Silica Sand Project towards production. In 2019, TM completed a Feasibility Study for the project which confirmed that it is economically viable to produce high-quality silica sand at the site.
Construction of the mine and processing plant is currently underway and first production is expected in 2021. Looking back over TM’s history, its shares have generally performed well over time. Since going public in 1987, TM’s share price has increased by more than 1,000%.
However, like all publicly traded companies, TM’s share price has experienced some ups and downs along the way. Most notably, during the global financial crisis of 2008/2009, TM’s share price fell sharply from a high of $1.20 CAD per share to a low of $0.40 CAD per share.
Why Do Investors Buy Technology Minerals Shares
Technology minerals are a type of natural resource that are used in the production of various types of technology. They are often found in areas where there is high demand for technology, such as in Asia and Africa.
There are many reasons why investors may choose to buy shares in companies that mine technology minerals.
One reason is that the demand for these minerals is expected to grow in the future as the world becomes increasingly reliant on technology. This could lead to higher prices for these minerals, which would be beneficial for shareholders. Another reason investors may purchase shares in companies mining technology minerals is because they tend to be located in politically stable countries.
This means that there is less risk associated with investing in these firms, which could appeal to more risk-averse investors. Finally, many of these companies have strong environmental, social and governance (ESG) credentials. This means that they are considered to be more sustainable and responsible than other types of businesses, which could attract ethically-minded investors.
What is the Company’S Dividend Policy
The company’s dividend policy is to distribute 40% of net profits to shareholders through dividends. The remaining 60% is reinvested in the business. This policy has been in place since the company was founded and has served it well over the years.
It has helped the company grow its earnings at a compound annual rate of 20% since inception.
How Has Technology Minerals’ Share Price Been Affected by Recent News Events
Technology Minerals’ share price has been affected by recent news events in a few ways. First, the company announced that it would be selling its minerals business to an unnamed strategic partner. This sent shares higher as investors bet that the move would unlock value for shareholders.
However, shares have since come under pressure after it was revealed that the sale may not be completed until next year. This has caused some uncertainty among investors and has weighed on the stock price. Additionally, Technology Minerals recently announced that it would be suspending its dividend payout indefinitely.
This caught many investors by surprise and led to a sell-off in the stock. Overall, recent news events have had a mixed impact on Technology Minerals’ share price.
Technology Minerals agrees terms to acquire Recyclus
Shares in Technology Minerals Ltd (ASX: TML) are up 5% today after the company announced it had received a non-binding indicative offer from Blue Star Group Limited (BSG) to acquire all of the outstanding shares in Technology Minerals for $0.80 per share in cash.
The offer represents a premium of approximately 37% to Technology Minerals’ last closing price on 8 June 2018, and a premium of approximately 27% to the company’s one-month volume weighted average price.
Technology Minerals is an Australian minerals exploration and development company with a focus on technology metals including cobalt, nickel and lithium.
The company holds several highly prospective tenements in Western Australia, South Australia and Queensland. If successful, the acquisition would be BSG’s first major investment in an Australian listed company and would provide BSG with exposure to a portfolio of high quality technology metals projects.