Tamboran Resources Corp announced on Saturday, 25 October 2025 that it has completed a public offering of its common shares, raising $56.1 million in new equity capital. The offering was priced at $1.00 per share, with a total of 56.1 million shares sold to the public. The proceeds will be used to fund the company’s Beetaloo Basin development and support ongoing drilling and completion activities.
In addition to the public offering, Tamboran entered into a private investment in public equity (PIPE) transaction, with proceeds of up to $29.3 million. The PIPE provides the company with a flexible source of capital that can be drawn down as needed to accelerate project milestones. The transaction is structured to allow the company to maintain control while accessing additional liquidity.
The company also announced plans to launch a CDI share purchase plan, targeting up to $30 million in proceeds. This plan will enable existing shareholders to purchase additional shares at a discount, further strengthening the company’s balance sheet. Tamboran highlighted a strategic partnership with Baker Hughes, which will help reduce operating costs across its offshore and onshore activities in the Beetaloo Basin.
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