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Fidelity Minerals Corp ( (TSE:FMN) ) has issued an update.
Fidelity Minerals Corp. has announced an increase in its non-brokered private placement financing from 12,500,000 to 15,000,000 units, raising gross proceeds to $1,500,000. The funds will be used to advance exploration and community relation programs in Peru, as well as for corporate working capital, subject to TSX Venture Exchange approval.
More about Fidelity Minerals Corp
Fidelity Minerals Corp. is engaged in the mining industry, focusing on high-quality copper and gold assets. The company aims to delineate major deposits that could attract mid-tier and major mining companies, with its most advanced project being Las Huaquillas in Northern Peru. Fidelity Minerals is supported by a seasoned management team and committed investors, and it seeks to expand its portfolio through strategic acquisitions.
Average Trading Volume: 36,728
Technical Sentiment Signal: Sell
Current Market Cap: C$2.82M
For a thorough assessment of FMN stock, go to TipRanks’ Stock Analysis page.