Overview of Torque Metals trading halt request

Torque Metals Limited (ASX:TOR) has requested a trading halt from ASX in accordance with Listing Rule 17.1. The halt is pending an announcement regarding a proposed capital raising and is expected to remain in place until the commencement of trading on Monday, 23 September 2024, or until the announcement is made.

Executive commentary on trading halt request

The trading halt request is in line with our strategic plans for potential capital raising. We aim to provide the market with comprehensive information about the proposed capital raising before the trading halt is lifted. This decision reflects our commitment to transparent and timely communication with our stakeholders.

Summary of Torque Metals trading halt and outlook

Torque Metals Limited (ASX:TOR) has requested a trading halt from ASX in anticipation of an upcoming announcement regarding a proposed capital raising. The company's proactive approach to seeking the trading halt demonstrates its dedication to ensuring that all stakeholders are informed simultaneously about significant developments. Looking ahead, the market can anticipate a detailed disclosure related to the capital raising, aligning with Torque Metals' commitment to transparency and market communication.