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The latest announcement is out from Aztec Minerals ( (TSE:AZT) ).
Aztec Minerals announced the successful closing of a C$10 million bought deal private placement, which included the full exercise of an over-allotment option. This financing, led by Stifel Canada, allows Aztec to advance its precious metals projects in Arizona and Mexico, providing the necessary capital to de-risk these projects. The funds will be used for exploration work on the Tombstone and Cervantes projects and for general working capital purposes, marking a significant milestone for the company.
More about Aztec Minerals
Aztec Minerals is a mineral exploration company focused on two emerging discoveries in North America. The Cervantes project is an emerging porphyry gold-copper discovery in Sonora, Mexico, and the Tombstone project is an emerging gold-silver discovery with high-grade CRD silver-lead-zinc potential in southern Arizona. Aztec’s shares trade on the TSX-V stock exchange and on the OTCQB.
Average Trading Volume: 263,608
Technical Sentiment Signal: Buy
Current Market Cap: C$35.2M
Find detailed analytics on AZT stock on TipRanks’ Stock Analysis page.