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Blackrock Silver ( (TSE:BRC) ) has provided an announcement.
Blackrock Silver has successfully completed a $13.8 million bought deal public offering, including the full exercise of the overallotment option. The funds from this offering will be allocated toward advancing the Tonopah West project, with plans for an expanded drilling program and environmental permitting studies, positioning the company to update its resource estimates and pursue further project de-risking. This move strengthens Blackrock’s operational capabilities amid economic uncertainties, signaling robust investor confidence and support.
More about Blackrock Silver
Blackrock Silver Corp. operates within the mining industry, primarily focusing on the exploration and development of mineral properties. The company is particularly involved in advancing the Tonopah West mineral project, indicating a strategic focus on silver and related minerals in the North American market.
YTD Price Performance: -21.43%
Average Trading Volume: 426,034
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$93.97M
See more insights into BRC stock on TipRanks’ Stock Analysis page.