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Where Is Tamboran Resources Corp (TBN) Taking the Funds It Raised?

Tamboran Resources Corp (NYSE:TBN) is among the best Australian stocks to buy in 2026. Tamboran Resources Corp (NYSE:TBN) has recently completed several fundraising programs.

On April 15, the company announced that it had completed the final part of a series of direct equity offerings to a certain group of institutional investors. That final transaction involved the sale of an additional 96,698 shares of common stock. Tamboran Resources previously issued 916,412 shares to this same group of investors in a transaction that was announced as closed on April 14.

Separately, on April 14, the company said that it had completed an accelerated equity offering to a group of existing institutional shareholders outside the US. In this transaction, Tamboran Resources issued depository interests representing 741,542 shares of its common stock. The transaction generated A$37.1 million in total proceeds.

Also on April 14, Tamboran Resources announced the completion of the sale of an additional 443,491 shares of its common stock through an underwritten offering. It said that this transaction raised $14.7 million in net proceeds.

Tamboran’s underwritten offering was announced way back on April 7. At that time, the company said it would offer around 2.96 million shares at a price of $35 per share. It said that it would grant the underwriters the option to purchase an additional 443,491 shares. The company hoped to raise $103.5 million in gross proceeds through the underwritten offering before including the potential sale of additional shares.

Tamboran intended to use net proceeds from these offerings to fund its drilling operations in Australia.

Tamboran Resources Corp (NYSE:TBN) is an energy company founded in 2009. The company specializes in low-carbon natural gas production in the Beetaloo Basin in Australia. Tamboran Resources is focused on meeting domestic natural gas demand in Australia and supporting gas exports to the Asia-Pacific.

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READ NEXT: 12 Best Falling Stocks to Invest In Now and 10 Best 52-Week High US Stocks to Buy.

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