Sun Summit Minerals Corp. ( (TSE:SMN) ) just unveiled an announcement.
Sun Summit Minerals Corp. has announced an increase in its non-brokered private placement from $3.5 million to $10 million, with an option to further increase to $11.5 million due to strong investor demand. The funds raised will support an aggressive drill program at the JD Project in 2025, targeting high potential areas and infrastructure improvements to extend the drill season and reduce exploration costs. This move is expected to enhance the company’s exploration capabilities and strengthen its position in the mineral exploration industry.
More about Sun Summit Minerals Corp.
Sun Summit Minerals Corp. is a mineral exploration company focused on discovering and advancing district-scale gold and copper assets in British Columbia. The company’s portfolio includes the JD and Theory Projects in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.
YTD Price Performance: -36.00%
Average Trading Volume: 129,262
Technical Sentiment Signal: Buy
Current Market Cap: C$7.21M
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