TOR raises $25m to fund drilling as Ritz resource grows to 351koz
According to TradingView, TOR updated its Ritz resource to 351koz and placed $25m after quarter-end to fund drilling and exploration.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
According to TradingView, TOR has updated the mineral resource estimate for its Ritz project, which now totals 351koz. High-grade extensions were identified at the HHH and Observation zones. After the quarter ended, the company completed a $25m placement that will fund further drilling and regional exploration. Cash at quarter-end stood at $7.7m.
why it matters
The placement is far larger than the quarter-end cash balance, so these proceeds will be the main source of funding for exploration work. For markets, this is a story about one small company.
tags
instruments
sources
- TOR: A $25m raise backs high-grade drilling and growth across the 351koz Ritz resource — TradingView, 28 October 2026 at 23:24 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗