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Conquest Resources ( (TSE:CQR) ) has shared an announcement.
Conquest Resources Limited plans to raise up to $450,000 through a non-brokered charity flow-through share financing arranged with Peartree Securities, issuing up to 6 million flow-through common shares at $0.075 each. The proceeds will fund eligible Canadian and Ontario critical mineral exploration expenditures at its Belfast-TeckMag Project in Ontario, reinforcing the company’s exploration program at its flagship property, although the financing remains subject to regulatory approvals and the shares will carry a standard four-month-plus-one-day hold period.
More about Conquest Resources
Conquest Resources Limited, founded in 1945, is a Canadian mineral exploration company focused on base metals and gold properties in Ontario. Its flagship Belfast-TeckMag Project in the Temagami Mining Camp targets magmatic sulphide (Cu-Ni-PGE), VMS, IOCG, iron formation–hosted and paleo-placer gold deposits, giving the company control over more than 300 square kilometres of largely underexplored ground, including the historic Golden Rose Mine. Conquest also owns the Alexander Gold Property adjacent to major producing mines in the Red Lake Gold Camp, as well as interests in the Smith Lake Gold Property and Lake Nipigon Basin Property.
Average Trading Volume: 214,063
Technical Sentiment Signal: Buy
Current Market Cap: C$8.13M
Learn more about CQR stock on TipRanks’ Stock Analysis page.