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Lion Rock Resources ( (TSE:ROAR) ) has provided an announcement.
Lion Rock Resources Inc. has successfully closed a non-brokered private placement, raising $5.3 million through the sale of 26,585,281 units at $0.20 per unit. The funds will be used to support the company’s obligations and work program for the Volney Project, as well as for general working capital. This financing move is expected to bolster the company’s operational capabilities and strengthen its position in the mineral exploration industry.
More about Lion Rock Resources
Lion Rock Resources Inc. is a Canadian mineral exploration company focused on advancing high-grade gold and lithium projects across North America. The company’s flagship asset, the Volney Project, is located in South Dakota’s Black Hills, an area known for its active gold operations. The company is led by a team with a strong track record in mineral discoveries, project development, and financing.
Average Trading Volume: 157,211
Technical Sentiment Signal: Buy
Current Market Cap: C$18.99M
See more data about ROAR stock on TipRanks’ Stock Analysis page.