Metallis Resources Launches $1.35M Private Placement to Boost Exploration

Metallis Resources ( (TSE:MTS) ) just unveiled an announcement.

Metallis Resources Inc. has announced a non-brokered private placement to raise up to $1,350,000 through the issuance of 8.437 million units priced at $0.16 per unit. The funds from this financing will be allocated towards field exploration at the company’s Greyhound and Kirkham Properties and for general corporate purposes. This move is expected to bolster Metallis’s exploration activities and strengthen its position in the mining industry, particularly in the promising regions of British Columbia and Idaho.

More about Metallis Resources

Metallis Resources Inc. is a Vancouver-based company focused on the exploration of gold, copper, and silver. Its primary operations are centered on the 100%-owned Kirkham Property in Canada’s Golden Triangle and the Greyhound Property in Idaho, USA, which targets gold, silver, and antimony. The company is publicly traded on the TSX Venture Exchange, OTCQB Exchange, and Frankfurt Stock Exchange.

Average Trading Volume: 54,361

Technical Sentiment Signal: Sell

Current Market Cap: C$12.8M

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