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AbraSilver Resource ( (TSE:ABRA) ) has shared an update.
AbraSilver Resource Corp. has announced a significant financing initiative, totaling $48.4 million, which includes a $21.8 million ‘bought deal’ public offering and a $26.6 million concurrent private placement. This financing is set to enhance the company’s financial flexibility, allowing it to accelerate the development of its Diablillos project and further unlock its potential. The strong backing from institutional investors and strategic partners like Central Puerto and Kinross Gold Corporation highlights confidence in AbraSilver’s vision and long-term prospects.
More about AbraSilver Resource
AbraSilver Resource Corp. operates in the mining industry, focusing primarily on the exploration and development of precious metals. The company is known for its activities in the Diablillos project, with a market focus on extracting and leveraging resources like silver and gold.
YTD Price Performance: 6.78%
Average Trading Volume: 160,698
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $245.9M
Find detailed analytics on ABRA stock on TipRanks’ Stock Analysis page.
