Terra Metals (TM1) H1 2025 earnings summary

Executive summary

• Advanced exploration at the Dante Project confirmed extensive shallow high-grade mineralisation over 2.5km, with significant titanium, copper, gold, PGMs, and vanadium intercepts.

• Completed major drilling programs at Dante, with assays pending for further expansion.

• Entered an option to acquire HRM Exploration, adding 618km² of contiguous tenements to Dante.

• Raised $6 million via share placement to support ongoing exploration and development.

Financial highlights

• Net loss for the half-year ended 31 December 2024 was $3,935,977, up from $1,409,752 year-over-year, mainly due to increased exploration and evaluation expenses.

• Exploration and evaluation expenses rose to $3,237,077 from $1,053,665 year-over-year.

• Cash reserves at 31 December 2024 were $2,475,905, up from $648,420 at 30 June 2024.

• Net assets increased to $6,687,062 from $4,838,240 at 30 June 2024.

• Basic and diluted loss per share was (1.1) cents, compared to (0.7) cents year-over-year.

Outlook and guidance

• Ongoing drilling and pending assays at Dante expected to further expand and define high-grade zones.

• Anticipates updating Exploration Targets as results are received.

• Option to acquire HRM Exploration positions the company for further growth in the Jameson Layered Intrusion.