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Aztec Minerals ( (TSE:AZT) ) has provided an update.
Aztec Minerals has announced a $5 million bought deal private placement of common shares, facilitated by Stifel Canada as the sole underwriter. The proceeds will be used for exploration work on its projects in Arizona and Mexico, and for general working capital. The offering is expected to close by October 16, 2025, pending regulatory approvals, and includes an option for the underwriter to purchase additional shares. This move is likely to bolster Aztec’s financial position, enabling further exploration and potentially enhancing its market presence.
More about Aztec Minerals
Aztec Minerals is a mineral exploration company focused on developing two emerging discoveries in North America. The company is working on the Cervantes project, an emerging porphyry gold-copper discovery in Sonora, Mexico, and the Tombstone project, which is a gold-silver discovery with high-grade CRD silver-lead-zinc potential in southern Arizona. Aztec’s shares are traded on the TSX-V and OTCQB stock exchanges.
Average Trading Volume: 194,523
Technical Sentiment Signal: Buy
Current Market Cap: C$36.63M
Learn more about AZT stock on TipRanks’ Stock Analysis page.