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Vortex Metals Inc ( (TSE:VMS) ) has provided an update.
Vortex Metals Inc. has successfully closed the second tranche of its non-brokered private placement, raising an additional $105,000 through the issuance of 2,625,000 units. This brings the total proceeds from the offering to $805,000. The funds will be allocated primarily towards mining concession and exploration fees, with a portion reserved for general working capital. The completion of this tranche supports Vortex’s strategic focus on expanding its copper exploration activities in Chile and Mexico, potentially enhancing its market position in the growing copper industry.
More about Vortex Metals Inc
Vortex Metals Inc. is a copper-focused exploration and development company with a diverse portfolio of projects in Chile and Mexico. The company holds an option to acquire up to 80% interest in the Illapel Copper Project in Chile and owns 100% interest in two copper-gold volcanogenic massive sulfide properties in Oaxaca, Mexico. Vortex emphasizes responsible exploration, community engagement, and environmental stewardship.
Average Trading Volume: 207,155
Technical Sentiment Signal: Sell
Current Market Cap: C$4.28M
See more data about VMS stock on TipRanks’ Stock Analysis page.