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Domestic Metals ( (TSE:DMCU) ) just unveiled an announcement.
Domestic Metals Corp. has successfully closed the final tranche of its non-brokered private placement, raising a total of $1,218,561.70 through the issuance of 5,298,094 units. Each unit comprises one common share and a half-share purchase warrant, with the proceeds intended for working capital and exploration costs. This financing move is expected to bolster the company’s operational capabilities and exploration efforts, potentially enhancing its 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 across the Americas. The company is particularly invested in the Smart Creek Project in Montana, which is known for its copper mineralization and promising exploration targets. Led by a seasoned management and technical team, Domestic Metals aims to capitalize on economically favorable grades indicated by past drilling and sampling.
Average Trading Volume: 53,121
Technical Sentiment Signal: Buy
Current Market Cap: C$7.34M
Learn more about DMCU stock on TipRanks’ Stock Analysis page.