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Xcite Resources, Inc. ( (TSE:XRI) ) has issued an update.
Xcite Resources Inc. announced an increase in its non-brokered private placement financing from $2.7 million to $5 million, aimed at funding exploration and development activities in the Athabasca Basin. This move is expected to bolster the company’s efforts in the uranium sector, potentially enhancing its market position and offering significant implications for stakeholders involved in the energy transition metals industry.
More about Xcite Resources, Inc.
Xcite Resources Inc. is a Canadian uranium exploration company focused on advancing its portfolio of assets in the Athabasca Basin. The company aims to become a leader in the discovery and development of energy transition metals, leveraging new geological modeling and exploration in a historically productive uranium region.
Average Trading Volume: 36,897
Technical Sentiment Signal: Sell
Current Market Cap: C$2.54M
See more insights into XRI stock on TipRanks’ Stock Analysis page.