Cupani Metals Raises C$716,250 in Second Tranche of Private Placement for Blue Lake/Retty Lake Exploration

Cupani Metals ( (TSE:CUPA) ) just unveiled an announcement.

Cupani Metals has closed the second tranche of its previously announced non-brokered private placement, raising C$716,250.03 through the issuance of 617,143 flow-through units priced at $0.175 and 4,866,000 hard cash units priced at $0.125. Each flow-through unit comprises one common share and a half warrant exercisable at $0.30 for 24 months, while each hard cash unit includes one common share and a full warrant exercisable at $0.25 for 24 months, with both warrant series subject to acceleration clauses. Proceeds will fund exploration at the company’s Blue Lake/Retty Lake project and general working capital, with the flow-through portion directed toward qualifying Canadian exploration expenses tied to critical mineral mining. The offering, completed under prospectus exemptions and subject to standard resale restrictions, involved cash finder’s fees, compensation units and finder warrants, and the company also clarified that the first tranche closed earlier in December raised over C$2.0 million, underscoring ongoing investor support for its exploration strategy.

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 Toronto-based company focused on providing shareholders with long-term capital growth by investing in mineral exploration properties and related assets. The company is listed on the Canadian Securities Exchange under the symbol CUPA and targets opportunities in the critical minerals exploration space, including its 100%-owned Blue Lake/Retty Lake project.

Average Trading Volume: 110,806

Technical Sentiment Signal: Hold

Current Market Cap: C$20.71M

For a thorough assessment of CUPA stock, go to TipRanks’ Stock Analysis page.