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Cascadia Minerals Ltd ( (TSE:CAM) ) has shared an update.
Cascadia Minerals Ltd. has successfully closed a C$3 million private placement, which will fund the first phase of resource expansion work at its Carmacks Project in Yukon. The financing allows Cascadia to commence drilling in early September, targeting significant mineralization around existing resources, thereby enhancing its exploration efforts and potentially increasing its resource base.
More about Cascadia Minerals Ltd
Cascadia Minerals Ltd. is focused on the exploration and development of copper and gold properties in the Yukon Territory, Canada. Its flagship asset is the Carmacks Project, located in the high-grade Minto copper district, which hosts significant copper and gold resources. The company also has a portfolio of discovery-stage properties, including the Catch Property, known for its copper-gold porphyry discovery.
Average Trading Volume: 404,918
Technical Sentiment Signal: Hold
Current Market Cap: C$11.37M
Learn more about CAM stock on TipRanks’ Stock Analysis page.