Abitibi Metals Revises Financing Deal Amid Quebec Tax Changes

Abitibi Metals ( (TSE:AMQ) ) has provided an update.

Abitibi Metals Corp. has announced a revised bought deal financing agreement in response to changes in Quebec’s critical minerals flow-through tax credits. The agreement involves the sale of Charity Flow-Through Common Shares and Common Shares, raising approximately C$10 million to advance the B26 Polymetallic Deposit and support general corporate purposes. This financing is expected to enhance Abitibi’s operational capabilities and strengthen its position in the mineral exploration sector.

More about Abitibi Metals

Abitibi Metals Corp. is a Quebec-focused mineral acquisition and exploration company that specializes in developing quality base and precious metal properties with significant expansion potential. The company holds a strategic portfolio, including the B26 Polymetallic Deposit and the Beschefer Gold Project, which offer high-grade resources and promising exploration opportunities.

YTD Price Performance: -6.19%

Average Trading Volume: 42,608

Technical Sentiment Signal: Hold

Current Market Cap: $23.03M

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