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SRQ Resources Inc. ( (TSE:SRQ) ) just unveiled an update.
SRQ Resources Inc. has announced a C$2.4 million non-brokered private placement of common and flow-through shares, aimed at advancing its exploration projects in Québec. The proceeds will be used for eligible Canadian exploration expenses and general corporate purposes, with the private placement expected to close by March 21, 2025. This move demonstrates strong insider support and positions SRQ to further its exploration initiatives in the region.
More about SRQ Resources Inc.
SRQ Resources Inc. is a Canadian base metals company focused on exploring nickel, copper, and platinum in Québec. The company holds 1,173 exploration claims in the province, with the Lac Brulé project being its most advanced. This project, located near Mont-Laurier, Québec, is a promising Ni-Cu exploration site with confirmed prospectivity through geological mapping and geophysical surveys.
YTD Price Performance: 9.09%
Average Trading Volume: 39,866
Technical Sentiment Consensus Rating: Sell
See more insights into SRQ stock on TipRanks’ Stock Analysis page.