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The latest update is out from KWG Resources ( (TSE:CACR) ).
The Canadian Chrome Company Inc. has announced the terms for a private placement to raise up to $25 million through the issuance of Multiple Voting Shares as flow-through shares. This initiative is part of a larger strategy to fund a significant drilling program at the Black Horse Project, which aims to confirm the company’s belief in the magnitude of the discovery. The project has received necessary exploration permits and the support of local First Nations, potentially enhancing CCC’s industry positioning by expanding its mineral resource base.
More about KWG Resources
The Canadian Chrome Company Inc. is an exploration stage company focused on the identification, acquisition, consolidation, exploration, development, and evaluation of large-scale mineral deposits, including chromite, in the Ring of Fire. The company also supports the development of transportation and electrification links to access remote areas where these deposits may be located.
Average Trading Volume: 1,925,073
Technical Sentiment Signal: Sell
Current Market Cap: C$16.47M
For detailed information about CACR stock, go to TipRanks’ Stock Analysis page.