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Cupani Metals ( (TSE:CUPA) ) has provided an announcement.
Cupani Metals Corp. has successfully closed the second tranche of its non-brokered private placement financing, raising a total of C$3.8 million. The funds will be used for the company’s Blue Lake/Retty Lake exploration project and general working capital. The issuance included flow-through units and hard dollar units, with proceeds from the flow-through units earmarked for Canadian exploration expenses. This financing move positions Cupani to further its exploration activities, potentially enhancing its market presence and offering growth opportunities for stakeholders.
The most recent analyst rating on (TSE:CUPA) stock is a Buy with a C$0.70 price target. To see the full list of analyst forecasts on Cupani Metals stock, see the TSE:CUPA Stock Forecast page.
More about Cupani Metals
Cupani Metals Corp. is a company focused on providing long-term capital growth to its shareholders through investments in mineral exploration properties and other assets. It is listed on the Canadian Securities Exchange under the symbol ‘CUPA’.
Average Trading Volume: 50,606
Technical Sentiment Signal: Buy
Current Market Cap: C$18.47M
See more data about CUPA stock on TipRanks’ Stock Analysis page.