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SRQ Resources Inc. ( (TSE:SRQ) ) has shared an announcement.
SRQ Resources Inc. announced the closing of a C$2.4 million non-brokered private placement involving hard dollar units and flow-through shares. The proceeds from this placement will be used for Canadian exploration expenses and general corporate purposes, with the flow-through shares specifically funding eligible mining expenditures in Quebec. This financial move supports SRQ’s growth plans and further exploration efforts, potentially strengthening its position in the metals exploration industry.
More about SRQ Resources Inc.
SRQ Resources Inc. is a Canadian-based metals company focused on exploring nickel, copper, and platinum in Quebec. The company owns 1,173 exploration claims in Quebec, with its most advanced project being the Lac Brulé property, which covers 594 contiguous mining claims. This project is located near Mont-Laurier and is notable for its potential in base metals, supported by geological mapping and geophysical surveys.
YTD Price Performance: 22.73%
Average Trading Volume: 47,732
Technical Sentiment Signal: Sell
See more insights into SRQ stock on TipRanks’ Stock Analysis page.