Tungsten Mining Flags Financial Restatements Ahead of Targeted Nasdaq Listing

MT Newswires Live

11 hours ago

Tungsten Mining (ASX:TGN) expects to restate certain historical financial results following a re-audit by Grant Thornton, while continuing preparations for a secondary Nasdaq listing targeted for the fourth quarter, according to a Wednesday filing with the Australian bourse.

The adjustments include an additional AU$227,009 in fiscal 2025 grant income, the transfer of a AU$1.6 million impairment expense and AU$1 million Kilba tenement impairment to fiscal 2024, and a AU$70,366 revision to research and development tax offset income, alongside a AU$540,565 increase in the related receivable in fiscal 2025, per the filing.

The company said the adjustments are mainly timing-related and are not expected to materially impact its current financial position, cash balances or underlying operations, the filing added.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Easy breezy. No more feesies.","description":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","keywords":"Tiger Brokers,U.S. stock trading,Hong Kong stock trading,trading U.S. stocks,stock information,stock prices,U.S. stock quotes,U.S. stock trading,Hong Kong stock trading,IPO trading,buying U.S. stocks,global investment","social":{"ogDescription":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.thetigerbrokers.com/news/2667620674"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"NZL","license":"TBKIWI","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2667620674\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2667620674?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-16 07:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2667620674","market":"nz","top_or_hot":-1,"title":"Tungsten Mining Flags Financial Restatements Ahead of Targeted Nasdaq Listing","media":"MT Newswires Live","content":"<html><body><p> Tungsten Mining (ASX:TGN) expects to restate certain historical financial results following a re-audit by Grant Thornton, while continuing preparations for a secondary Nasdaq listing targeted for the fourth quarter, according to a Wednesday filing with the Australian bourse.</p><p>The adjustments include an additional AU$227,009 in fiscal 2025 grant income, the transfer of a AU$1.6 million impairment expense and AU$1 million Kilba tenement impairment to fiscal 2024, and a AU$70,366 revision to research and development tax offset income, alongside a AU$540,565 increase in the related receivable in fiscal 2025, per the filing.</p><p>The company said the adjustments are mainly timing-related and are not expected to materially impact its current financial position, cash balances or underlying operations, the filing added.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tungsten Mining Flags Financial Restatements Ahead of Targeted Nasdaq Listing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTungsten Mining Flags Financial Restatements Ahead of Targeted Nasdaq Listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-09-16 07:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Tungsten Mining (ASX:TGN) expects to restate certain historical financial results following a re-audit by Grant Thornton, while continuing preparations for a secondary Nasdaq listing targeted for the fourth quarter, according to a Wednesday filing with the Australian bourse.</p><p>The adjustments include an additional AU$227,009 in fiscal 2025 grant income, the transfer of a AU$1.6 million impairment expense and AU$1 million Kilba tenement impairment to fiscal 2024, and a AU$70,366 revision to research and development tax offset income, alongside a AU$540,565 increase in the related receivable in fiscal 2025, per the filing.</p><p>The company said the adjustments are mainly timing-related and are not expected to materially impact its current financial position, cash balances or underlying operations, the filing added.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7095","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2667620674","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2667620674","pubTimestamp":1789514503,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Tungsten Mining  expects to restate certain historical financial results following a re-audit by Grant Thornton, while continuing preparations for a secondary Nasdaq listing targeted for the fourth quarter, according to a Wednesday filing with the Australian bourse.The adjustments include an additional AU$227,009 in fiscal 2025 grant income, the transfer of a AU$1.6 million impairment expense and AU$1 million Kilba tenement impairment to fiscal 2024, and a AU$70,366 revision to research and development tax offset income, alongside a AU$540,565 increase in the related receivable in fiscal 2025, per the filing.The company said the adjustments are mainly timing-related and are not expected to materially impact its current financial position, cash balances or underlying operations, the filing added.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7095":"多种金属与采矿","LCLG":"Logan Capital Broad Innovative Growth ETF","TGN.AU":"TUNGSTEN MINING NL"},"translate_title":"钨矿在目标纳斯达克上市之前进行财务重述","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NQmain":1.5,"TGN.AU":1,"LCLG":1.5},"content_text":"Tungsten Mining (ASX:TGN) expects to restate certain historical financial results following a re-audit by Grant Thornton, while continuing preparations for a secondary Nasdaq listing targeted for the fourth quarter, according to a Wednesday filing with the Australian bourse.The adjustments include an additional AU$227,009 in fiscal 2025 grant income, the transfer of a AU$1.6 million impairment expense and AU$1 million Kilba tenement impairment to fiscal 2024, and a AU$70,366 revision to research and development tax offset income, alongside a AU$540,565 increase in the related receivable in fiscal 2025, per the filing.The company said the adjustments are mainly timing-related and are not expected to materially impact its current financial position, cash balances or underlying operations, the filing added.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}