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Domestic Metals ( (TSE:DMCU) ) just unveiled an update.
Domestic Metals Corp. has successfully closed the first tranche of a non-brokered private placement, raising gross proceeds of $356,758 through the issuance of 1,551,120 units. Each unit consists of one common share and one-half of a common share purchase warrant, with the warrants exercisable at $0.33 per share for three years. The funds raised are intended for general working capital and development costs, with the final tranche expected to close by August 11, 2025. This financing move is significant for Domestic Metals as it supports their ongoing exploration and development activities, potentially strengthening their position in the mineral exploration industry.
More about Domestic Metals
Domestic Metals Corp. is a mineral exploration company focused on discovering large-scale copper and gold deposits in historically significant mining areas in the Americas. The company targets economically favorable grades indicated by historic drilling and sampling, with a notable project, the Smart Creek Project, located in Montana. Led by an experienced management and technical team, Domestic Metals aims to uncover new economic mineral deposits in geologically attractive mining jurisdictions.
Average Trading Volume: 54,260
Technical Sentiment Signal: Buy
Current Market Cap: C$9.25M
See more data about DMCU stock on TipRanks’ Stock Analysis page.