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King’s Bay Gold ( (TSE:ROAR) ) has provided an announcement.
Lion Rock Resources Inc. has successfully closed a $2.16 million non-brokered private placement, issuing 21.6 million units priced at $0.10 each. The funds raised will support the company’s initial payment obligations and work program for the Volney Lithium Project, furthering its strategic initiatives in lithium exploration and development. The company’s announcement could strengthen its financial position and operational capabilities within the mining sector, potentially enhancing its growth prospects and stakeholder interests.
More about King’s Bay Gold
Lion Rock Resources Inc. is a Canadian-based company involved in the mining industry, focusing on the acquisition and development of properties rich in lithium, gold, and copper. The company has entered into an option agreement to acquire the Volney Gold/Lithium Project, located in South Dakota, which includes significant lithium and tin deposits as well as gold. Lion Rock also holds prospective properties for these minerals in Ontario and Quebec, leveraging strategic locations with access to infrastructure and significant mining jurisdictions.
YTD Price Performance: 16.67%
Average Trading Volume: 81,624
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$5.86M
See more insights into ROAR stock on TipRanks’ Stock Analysis page.