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Nexcel Metals Corp ( (TSE:NEXX) ) has issued an update.
Nexcel Metals Corp has successfully closed a non-brokered private placement financing, raising $110,000 through the issuance of flow-through units priced at $0.50 each. The proceeds will be used for Canadian exploration expenses on the Lac Ducharme Property, qualifying as flow-through critical mineral mining expenditures under Canadian tax law. This strategic financial move is expected to bolster Nexcel’s exploration efforts and strengthen its market position in the mineral exploration sector.
More about Nexcel Metals Corp
Nexcel Metals Corp is a junior mining company engaged in the acquisition, exploration, and development of mineral properties, with a current focus on the Lac Ducharme Property located in Québec.
Average Trading Volume: 6,346
See more data about NEXX stock on TipRanks’ Stock Analysis page.