Abcourt Mines (TSE:ABI) has released an update.
Abcourt Mines Inc. reported increased exploration investments and cash holdings in Q2, alongside a successful private placement raising $2.58 million. The company also highlighted the commencement of operations at the Sleeping Giant mill and a new agreement providing environmental bonds for mine site restoration obligations. Abcourt is focusing its efforts on the Sleeping Giant mine in northwestern Quebec, where it holds a mining lease and authorization to extract up to 750 tonnes per day.
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