Abitibi Metals Corp (TSE:AMQ) has released an update.
Abitibi Metals Corp. has increased its non-brokered private placement to C$5 million at C$0.86 per share, which will be used to accelerate the company’s exploration plans, including a 50,000-metre drill program at the B26 Deposit. This upsize, led by the Deluce family, will allow Abitibi to significantly advance its exploration schedule, completing a 7-year work commitment in just 2 years, with an exploration budget of $15 million set for 2024-2025.
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