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The latest update is out from Conquest Resources ( (TSE:CQR) ).
Conquest Resources has closed the first tranche of a non-brokered private placement, raising $450,000 through the issuance of 6,000,000 charity flow-through shares at $0.075 each, subject to TSX Venture Exchange approval and a standard four-month-plus-one-day hold period. The proceeds will fund qualifying exploration work at the company’s Belfast-TeckMag Project in Ontario, reinforcing Conquest’s focus on advancing its flagship critical-minerals and gold exploration portfolio while modestly strengthening its financial resources for ongoing field programs.
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, where the company now controls over 300 square kilometres including the past-producing Golden Rose Mine. Conquest also owns the Alexander Gold Property in the Red Lake Gold Camp, adjacent to major producing mines and largely surrounded by Evolution Mining’s land, as well as interests in the Smith Lake Gold Property.
Average Trading Volume: 217,033
Technical Sentiment Signal: Buy
Current Market Cap: C$8.81M
Learn more about CQR stock on TipRanks’ Stock Analysis page.