TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
E-Tech Resources Inc ( (TSE:REE) ) has provided an announcement.
E-Tech Resources Inc. announced a plan to raise up to $950,000 through a private placement to fund exploration at its Eureka Project in Namibia, as well as for general corporate purposes. The financing, facilitated by Numus Capital Corp., involves issuing up to 19,000,000 shares at $0.05 each, with completion subject to TSX Venture Exchange approval. This move is expected to bolster E-Tech’s operational capabilities and enhance its position in the rare earths industry, potentially impacting stakeholders by advancing the company’s strategic goals in a politically stable region.
More about E-Tech Resources Inc
E-Tech Resources Inc. is a rare earth exploration and development company focused on its Eureka Rare Earths Project in Namibia. The company is advancing both rare earths and nuclear fuels, essential for the global energy transition. The Eureka project is strategically located near Namibia’s capital and main industrial port, benefiting from the country’s stable political environment and robust infrastructure.
Average Trading Volume: 82,943
Technical Sentiment Signal: Buy
Current Market Cap: C$6.4M
For an in-depth examination of REE stock, go to TipRanks’ Overview page.