The latest update is out from NeonMind Biosciences Inc ( (TSE:LCR) ).
Lancaster Resources Inc. has announced a non-brokered private placement to raise up to $400,000 through the issuance of 8,000,000 units at $0.05 per unit. The funds will be used for exploration, property acquisitions, and other operational expenses. This financing move is expected to support Lancaster’s ongoing projects and potential new acquisitions, strengthening its position in the mineral exploration industry.
More about NeonMind Biosciences Inc
Lancaster Resources Inc. is a gold exploration company with a 100% interest in the Piney Lake Gold Project. It also holds a portfolio of other mineral projects, including the Catley Lake and Centennial East Uranium Projects in Saskatchewan, and options for the Alkali Flat Lithium Brine Project in New Mexico and the Trans-Taiga Project in James Bay, Quebec.
YTD Price Performance: -60.0%
Average Trading Volume: 50,714
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$557K
Learn more about LCR stock on TipRanks’ Stock Analysis page.