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The latest announcement is out from Arizona Sonoran Copper Co., Inc. ( (TSE:ASCU) ).
Arizona Sonoran Copper Company Inc. has successfully closed a C$21.6 million private placement with Hudbay Minerals Inc. and Nuton LLC. This funding secures the company’s financial runway for its 2025 work programs, including updating technical data on the Parks/Salyer deposit and producing a Pre-Feasibility Study. The involvement of Hudbay as a strategic investor provides Arizona Sonoran valuable expertise in mine development, further de-risking the Cactus Project and advancing towards construction.
More about Arizona Sonoran Copper Co., Inc.
Arizona Sonoran Copper Company Inc. is an emerging US copper developer focused on advancing its copper projects in Arizona. The company is involved in mining and development activities, with a strong emphasis on the Cactus Project.
YTD Price Performance: 8.72%
Average Trading Volume: 116,139
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$219.5M
Find detailed analytics on ASCU stock on TipRanks’ Stock Analysis page.