Ares Strategic Mining (TSE:ARS) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Ares Strategic Mining Inc. has successfully closed the second tranche of its non-brokered private placement, raising a total of $996,709.86 by issuing over 5.5 million units at $0.18 each. This brings the company’s total raised funds to approximately $2.07 million from both tranches, contributing to the development of the only fluorspar mine in the U.S. and its transition from mining to manufacturing. The funds are earmarked for the installation of new mine works and a processing plant, with a new manufacturing facility on the horizon.
For further insights into TSE:ARS stock, check out TipRanks’ Stock Analysis page.