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Stearman Resources, Inc. ( (TSE:STMN) ) has shared an announcement.
Stearman Resources Inc. has announced a non-brokered private placement to raise up to $1.5 million through the issuance of 10 million common shares and up to $4 million through 16 million flow-through common shares. The proceeds from the flow-through shares will be used for Canadian exploration expenses related to the company’s projects in Canada. This move is expected to bolster Stearman’s financial position and support its ongoing exploration initiatives, potentially enhancing its standing in the mineral exploration industry.
More about Stearman Resources, Inc.
Stearman Resources Inc. is a mineral exploration company focused on acquiring, exploring, and developing mineral properties in Canada and the USA. The company owns a 100% interest in the NeoCore Uranium Property, the Zoo Bay Uranium Property, and holds an option for up to a 70% interest in the Murphy Lake Uranium Property, all located in the Athabasca Basin in northern Saskatchewan.
Average Trading Volume: 86,626
Technical Sentiment Signal: Buy
Learn more about STMN stock on TipRanks’ Stock Analysis page.