Arras Minerals Corp (TSE:ARK) has released an update.
Arras Minerals Corp. has announced a private placement financing round aiming to raise C$2 million through the sale of over 7.6 million units at C$0.26 each. This financing follows significant advancements in their project portfolio in Kazakhstan, including a strategic alliance with Teck and attention from major mining companies for potential porphyry mineralization at their Elemes project. The company is enthusiastic about exploring new copper-gold targets in the region using modern techniques.
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