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Fidelity Minerals Corp ( (TSE:FMN) ) just unveiled an update.
Fidelity Minerals Corp. has announced a non-brokered private placement financing to raise up to C$1,250,000 through the issuance of 12,500,000 units at C$0.10 per unit. The proceeds will be used to advance its exploration and community relation programs in Peru and for corporate working capital. This financing is subject to TSX Venture Exchange approval and reflects the company’s ongoing efforts to strengthen its financial position and advance its strategic projects, potentially enhancing its standing in the mining industry.
More about Fidelity Minerals Corp
Fidelity Minerals Corp. is a company that has assembled a portfolio of high-quality mining assets, focusing on large-scale copper and gold projects. The company aims to delineate major deposits that could attract interest from mid-tier and major mining companies. Its most advanced project is Las Huaquillas, a gold, copper, and silver project in Northern Peru. Fidelity Minerals is also looking to expand its project portfolio through strategic acquisitions and is supported by an experienced management team and committed investors.
Average Trading Volume: 34,181
Technical Sentiment Signal: Sell
Current Market Cap: C$2.28M
For a thorough assessment of FMN stock, go to TipRanks’ Stock Analysis page.