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Cascadia Minerals Ltd ( (TSE:CAM) ) has shared an announcement.
Cascadia Minerals Ltd. announced the successful closure of an oversubscribed non-brokered private placement, raising C$2,274,385 to support its acquisition of Granite Creek Copper Ltd. and exploration activities on the Carmacks Project. The funds will be held in escrow until the acquisition is finalized, and if not completed by August 29, 2025, the proceeds will be returned. This financing move strengthens Cascadia’s position in the copper and gold mining sector, potentially enhancing its exploration capabilities and market presence.
More about Cascadia Minerals Ltd
Cascadia Minerals Ltd. is a Canadian junior mining company focused on discovering new copper and gold deposits in the Yukon and British Columbia. Their flagship Catch Property in the Yukon has shown promising results with significant copper-gold mineralization, and they are in the process of acquiring Granite Creek Copper Ltd., which owns the Carmacks Project in the Minto copper district.
Average Trading Volume: 373,210
Technical Sentiment Signal: Buy
Current Market Cap: C$12.05M
See more insights into CAM stock on TipRanks’ Stock Analysis page.