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Caravan Energy Corp. ( (TSE:NTMC) ) just unveiled an update.
Neotech Metals Corp. announced the successful closure of an oversubscribed non-brokered private placement, raising a total of $1,472,338. The funds from the flow-through units will be allocated to qualified expenditures on the company’s mineral properties, while the proceeds from the non-flow-through units will support general working capital. Additionally, the company received $533,885 from warrant exercises in August, enhancing its financial position for future operations.
More about Caravan Energy Corp.
Neotech Metals Corp. is a mineral exploration company focused on discovering and developing valuable mineral resources globally. The company is committed to environmental stewardship and sustainable practices, with a diversified portfolio of rare-earth element and rare metals projects, including the Hecla-Kilmer, TREO, and Foothills projects, all wholly-owned and located in Canada.
Average Trading Volume: 129,313
Technical Sentiment Signal: Buy
Current Market Cap: C$21.79M
For an in-depth examination of NTMC stock, go to TipRanks’ Overview page.