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Total Metals ( (TSE:TT) ) just unveiled an announcement.
Total Metals Corp. has successfully closed the first tranche of its non-brokered private placement financing, raising over C$9 million. The funds will be used to advance the Electrolode Project and other gold projects, as well as for general corporate purposes. This financing move is expected to enhance the company’s exploration and development capabilities, potentially strengthening its position in the mineral exploration industry.
More about Total Metals
Total Metals Corp. is a company focused on the acquisition, exploration, and development of mineral properties in the Red Lake mining district of Northern Ontario, Canada. It owns the Electrolode Project, which spans 3,000 hectares and is strategically located near major mines in the Red Lake Gold camp. The project is fully permitted for exploration drilling and targets high-potential mineral resources.
Average Trading Volume: 169,095
Technical Sentiment Signal: Hold
Current Market Cap: C$34.14M
For an in-depth examination of TT stock, go to TipRanks’ Overview page.