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BCM Resources ( (TSE:B) ) just unveiled an announcement.
BCM Resources Corporation has launched a non-brokered private placement to raise C$7.24 million through the issuance of 36.2 million units at C$0.20, each consisting of one common share and a one-year warrant exercisable at C$0.30, subject to an acceleration clause and a four-month hold period, with TSX Venture Exchange approval still required. The capital injection is intended to bolster working capital and fund continued exploration drilling at the company’s Thompson Knolls porphyry Cu-Au-Mo discovery in Utah, underscoring BCM’s commitment to advancing this key project and potentially strengthening its position in the North American copper-gold exploration space.
More about BCM Resources
BCM Resources Corporation is a mineral exploration company listed on the TSX Venture Exchange, focused on advancing its Thompson Knolls (TK) porphyry copper-gold-molybdenum discovery project in west-central Utah, USA. The company’s activities center on exploration drilling and related work aimed at defining the mineral potential of this asset.
Average Trading Volume: 157,348
Technical Sentiment Signal: Buy
Current Market Cap: C$42.57M
Find detailed analytics on B stock on TipRanks’ Stock Analysis page.