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Advance Metals Secures $2.55 Million for Exploration Initiatives

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An update from Pacific American Holdings Ltd. ( (AU:AVM) ) is now available.

Advance Metals Limited, a company involved in mineral exploration, has successfully raised $2.55 million to fund further exploration at its Myrtleford Project in Victoria. This capital raising will also support upcoming drilling programs in Mexico, aiming to unlock value in their projects. The placement was led by Evolution Capital and involved institutional and sophisticated investors, with significant backing from existing shareholders.

More about Pacific American Holdings Ltd.

YTD Price Performance: 86.67%

Average Trading Volume: 4,804,542

Technical Sentiment Signal: Buy

Current Market Cap: A$11.99M

See more insights into AVM stock on TipRanks’ Stock Analysis page.

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