Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Resouro Gold Inc. ( (TSE:RSM) ) just unveiled an update.
Resouro Strategic Metals Inc. has amended the terms of its previously announced non-brokered private placement, proposing to issue 15 million units at CAD$0.20 per unit for gross proceeds of up to $3 million. The proceeds will be used to advance the engineering program for the Tiros project and for general working capital. This move is expected to support the company’s strategic initiatives in Brazil, enhancing its position in the mineral exploration industry. The offering is subject to regulatory approvals and will not involve related parties.
More about Resouro Gold Inc.
Resouro Strategic Metals Inc. is a Canadian mineral exploration and development company listed on the ASX, TSXV, OTC, and FSE. The company focuses on discovering and advancing economic mineral projects in Brazil, including the Tiros Titanium-Rare Earths Project and the Novo Mundo Gold Project. The Tiros project, located in Minas Gerais, Brazil, boasts significant mineral resources, including 165 million tonnes of titanium dioxide and 5.5 million tonnes of total rare earths oxides.
Average Trading Volume: 64,096
Technical Sentiment Signal: Sell
Current Market Cap: C$15.4M
Find detailed analytics on RSM stock on TipRanks’ Stock Analysis page.