Crescat Capital Backs Tectonic Metals with C$3M Investment

Tectonic Metals (TSE:TECT) has released an update.

Tectonic Metals Inc. has announced a C$3 million private placement led by Crescat Capital to fund their 2024 drill program at the Flat Gold Project. The investment reflects Crescat’s confidence in Tectonic’s project, which has shown promising results with gold mineralization in initial drilling and the potential for a large-scale, low-cost mining opportunity. The funds will be used to explore new kilometer-scale targets that have shown several geological indicators of gold presence.

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