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Mineral Mountain Resources ( (TSE:BLDS) ) has provided an update.
Badlands Resources Inc. is proceeding with its previously announced non-brokered private placement of up to 14,666,667 units at $0.15 per unit to raise as much as $2.2 million, with each unit comprising one common share and one transferable warrant exercisable at $0.25 for two years. The financing, expected to close by January 31, 2026 subject to TSX Venture Exchange approval, is intended to strengthen the company’s balance sheet by extinguishing debt and to fund exploration on its properties, potential new acquisitions and general working capital, underscoring Badlands’ ongoing efforts to advance its mineral exploration portfolio while managing its capital structure.
More about Mineral Mountain Resources
Badlands Resources Inc. is a Vancouver-based mineral exploration company listed on the TSX Venture Exchange and the Frankfurt Stock Exchange, focused on exploring and acquiring mineral properties. The company targets early-stage exploration projects and uses equity financing to fund exploration programs, property acquisitions and ongoing corporate needs.
Average Trading Volume: 15,168
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$1.98M
For detailed information about BLDS stock, go to TipRanks’ Stock Analysis page.