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Athena Gold Raises C$3.5 Million, Fully Funding Drilling Programs in Ontario

Story Highlights
  • Athena Gold closed a non-brokered private placement raising about C$3.5 million.
  • Proceeds will fund drilling at Laird and Oneman Lake and bolster exploration and working capital.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Athena Gold Raises C$3.5 Million, Fully Funding Drilling Programs in Ontario

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Athena Gold ( (TSE:ATHA) ) just unveiled an announcement.

Athena Gold Corporation has closed the third and final tranche of its non-brokered private placement, bringing total gross proceeds to approximately C$3.5 million and fully funding its upcoming drilling programs. The financing, structured through a mix of flow-through and non-flow-through units with attached warrants, will support exploration at the company’s Laird Lake and Oneman Lake projects in Ontario and provide additional funds for broader exploration, general and administrative costs, and working capital, strengthening Athena Gold’s ability to advance its Canadian assets without insider participation in the latest tranche.

More about Athena Gold

Athena Gold Corporation is a mineral exploration company listed on the Canadian Securities Exchange and OTCQB, with a focus on advancing early-stage gold projects in Canada. Its current exploration portfolio includes the Laird Lake and Oneman Lake properties in Ontario, where the company is pursuing Canadian Exploration Expense–qualifying work programs.

Average Trading Volume: 152,570

Technical Sentiment Signal: Buy

Current Market Cap: C$16.96M

Learn more about ATHA stock on TipRanks’ Stock Analysis page.

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