True North banks $20M for Qld copper push The Australian copper sector is abuzz with activity, and True North Copper has just secured $20 million in funding to propel its growth plans forward.
The company's capital raising spree, which upsized from an initial target of $15 million to secure firm commitments for $18 million, reflects the hot market demand for copper exposure in proven jurisdictions like Queensland's Mt Isa region.
While many investors are drawn to the recent surge in copper prices – currently trading near record levels of US$6. 7 per pound – True North's strategy is built on more than just riding the price wave.