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BluMetric Environmental Raises $4 Million in New Funding

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BluMetric Environmental Raises $4 Million in New Funding

BluMetric Environmental (TSE:BLM) has released an update.

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BluMetric Environmental has successfully closed an oversubscribed brokered private placement and a concurrent non-brokered private placement, raising a total of $4 million. This marks the company’s first equity raise in over a decade, aiming to bolster its balance sheet and support its long-term growth strategy.

For further insights into TSE:BLM stock, check out TipRanks’ Stock Analysis page.

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