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AMV Capital Corp. ( (TSE:ABA) ) has shared an announcement.
Abasca Resources Inc. has announced the discovery of the Thor Graphite Zone, located parallel to its existing Loki Flake Graphite Deposit at the Key Lake South Project. The discovery, confirmed through recent assay results, indicates significant graphite mineralization, which remains open for further exploration. Additionally, the company has completed the final tranche of its private placement, raising $1,000,000 to fund ongoing exploration activities. This financial move, involving related parties, aims to bolster the company’s exploration efforts and strengthen its 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 graphite deposits. The company is primarily engaged in the exploration of its Key Lake South Project, which includes the Loki Flake Graphite Deposit and the newly discovered Thor Graphite Zone.
Average Trading Volume: 7,343
Technical Sentiment Signal: Buy
Current Market Cap: C$13.34M
See more insights into ABA stock on TipRanks’ Stock Analysis page.
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