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Boreal Gold Inc. ( (TSE:BGLD) ) has shared an update.
Boreal Gold Inc. has announced a non-brokered private placement to raise $150,000 through the issuance of 500,000 Flow-Through Shares. The funds will be used to advance exploration and drilling preparations on its North Star, Fay Lake, and Melgurd Lake properties. The company plans to conduct further geological mapping, prospecting, and geophysical surveys to identify drill targets, with the ultimate goal of advancing these projects to a prefeasibility study stage. This strategic move aims to enhance Boreal Gold’s operational capabilities and strengthen its position in the mining sector.
More about Boreal Gold Inc.
Boreal Gold Inc. operates in the mining industry, focusing on the exploration and development of gold and other mineral properties. The company is primarily engaged in projects located in Manitoba and Saskatchewan, Canada, with a market focus on developing its North Star, Fay Lake, and Melgurd Lake properties.
Average Trading Volume: 7,897
Technical Sentiment Signal: Strong Sell
Learn more about BGLD stock on TipRanks’ Stock Analysis page.