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Resouro Gold Inc. ( (TSE:RSM) ) has shared an announcement.
Resouro Strategic Metals Inc. has completed the first tranche of its non-brokered private placement, raising CAD$1,000,000 through the issuance of 5,000,000 units. The proceeds will be used to advance the engineering program for the Tiros project and for general working capital. The company plans to close a second tranche soon, aiming to issue an additional 10,000,000 units. This move is expected to support Resouro’s strategic initiatives in the mineral exploration sector, particularly in Brazil, enhancing its project development capabilities and potentially benefiting stakeholders.
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, encompasses 28 mineral concessions over 497 km² and boasts significant mineral resources.
Average Trading Volume: 112,100
Technical Sentiment Signal: Buy
Current Market Cap: C$34.55M
See more insights into RSM stock on TipRanks’ Stock Analysis page.