Abitibi Metals Corp (TSE:AMQ) has released an update.
Abitibi Metals Corp. successfully completed a $7.1 million private placement, bolstering its financial status with no further fundraising needed for key project agreements. The company emphasizes its strong market position with a $19 million treasury, fully funded through 2025, and plans for extensive drilling at their high-grade gold and copper projects. Proceeds will fund Canadian exploration expenses and general administrative costs, including marketing initiatives.
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