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BCM Resources ( (TSE:B) ) has shared an announcement.
BCM Resources Corporation has announced a non-brokered private placement financing to raise up to C$2,575,000 through the issuance of units priced at C$0.125 each. The proceeds will be used for working capital and ongoing work at the Thompson Knolls property, a significant porphyry Cu-Au-Mo discovery in Utah. This financing, which requires TSX Venture Exchange approval, includes rights for subscribers to maintain ownership levels in future equity raises. The development at Thompson Knolls could enhance BCM’s position in the mineral exploration industry, potentially benefiting stakeholders by advancing a promising copper-gold-molybdenum project.
More about BCM Resources
BCM Resources Corporation is a diversified Canadian mineral exploration company focused on the Thompson Knolls property in Utah, USA, which is a greenfield porphyry copper-gold-molybdenum discovery. The company also has exploration projects in British Columbia and is managed by experienced board members and advisors.
Average Trading Volume: 183,058
Technical Sentiment Signal: Buy
Current Market Cap: C$22.27M
See more data about B stock on TipRanks’ Stock Analysis page.