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Aztec Minerals ( (TSE:AZT) ) has shared an announcement.
Aztec Minerals has announced an increase in its previously announced bought deal private placement offering to $8.7 million due to high investor demand. The funds raised will be used for exploration work on its Tombstone project in Arizona and Cervantes project in Mexico, as well as for general working capital. The offering is expected to close on October 16, 2025, pending necessary regulatory approvals, and includes an option for the underwriter to purchase additional shares.
More about Aztec Minerals
Aztec Minerals is a mineral exploration company focused on two emerging discoveries in North America. The Cervantes project is an emerging porphyry gold-copper discovery in Sonora, Mexico, while the Tombstone project is an emerging gold-silver discovery with high-grade CRD silver-lead-zinc potential in southern Arizona. Aztec’s shares trade on the TSX-V stock exchange and on the OTCQB.
Average Trading Volume: 200,552
Technical Sentiment Signal: Buy
Current Market Cap: C$40.22M
For detailed information about AZT stock, go to TipRanks’ Stock Analysis page.