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Cosa Resources Corp. ( (TSE:COSA) ) has issued an update.
Cosa Resources Corp. successfully closed a C$6 million private placement, including the full exercise of an over-allotment option. The funds raised will support the company’s uranium exploration projects in the Athabasca Basin. Denison Mines Corp., a significant shareholder, increased its stake to 19.95% through this offering. The proceeds from the charity flow-through units will be used for eligible Canadian exploration expenses, enhancing Cosa’s operational capabilities and potentially strengthening its position in the uranium market.
More about Cosa Resources Corp.
Cosa Resources Corp. is a company involved in uranium exploration and development, with a focus on projects in the Athabasca Basin, Saskatchewan. The company is engaged in the mining industry, specifically targeting uranium resources.
YTD Price Performance: -10.71%
Average Trading Volume: 136,700
Technical Sentiment Consensus Rating: Buy
For an in-depth examination of COSA stock, go to TipRanks’ Stock Analysis page.