An update from Copper Fox Metals ( (TSE:CUU) ) is now available.
Copper Fox Metals Inc. has successfully closed a non-brokered private placement, raising $1.5 million through the issuance of 7,317,074 units. The proceeds will be used for exploration and development activities on its projects and for general corporate purposes. The offering included significant participation from insiders, including director Ernesto Echavarria, and was structured as a ‘Related Party Transaction’ under TSX Venture Exchange policies. This strategic move is expected to bolster Copper Fox’s operational capabilities and strengthen its position in the copper exploration industry.
More about Copper Fox Metals
Copper Fox Metals Inc. is a Tier 1 Canadian resource company focused on copper exploration and development in Canada and the United States. Its principal assets include 100% ownership of the Van Dyke oxide copper project in Miami, AZ, and interests in the Mineral Mountain and Sombrero Butte projects.
YTD Price Performance: -6.90%
Average Trading Volume: 87,646
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$153.3M
Learn more about CUU stock on TipRanks’ Stock Analysis page.