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AMV Capital Corp. ( (TSE:ABA) ) has issued an announcement.
Abasca Resources Inc. has completed significant geohydrological and geotechnical drilling at its Loki Flake Graphite Deposit as part of its 2025 summer program. This work supports the environmental baseline study and resource estimates necessary for the development of an open-pit mine. The company is also launching a non-brokered private placement to raise up to $2.5 million, which will fund further exploration activities, including in-fill drilling at the Loki Deposit. This financial move is expected to bolster Abasca’s efforts in advancing the project towards the development stage, potentially enhancing its market position in the graphite mining sector.
More about AMV Capital Corp.
Abasca Resources Inc. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is particularly involved in the extraction of graphite, with its primary project being the Key Lake South Project, which includes the Loki Flake Graphite Deposit.
Average Trading Volume: 91,895
Technical Sentiment Signal: Sell
Current Market Cap: C$4.96M
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