Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Electrum Discovery ( (TSE:ELY) ) has issued an announcement.
Electrum Discovery Corp. has announced a non-brokered private placement to raise up to C$1.4 million through the issuance of 20 million units, each comprising one common share and one warrant. The funds will be used for exploration and development of its mineral projects in Serbia, as well as for working capital and general corporate purposes. This move could enhance Electrum’s operational capabilities and strengthen its position in the mineral exploration industry, with potential benefits for stakeholders, including insiders who may participate in the placement.
More about Electrum Discovery
Electrum Discovery Corp. is a Canadian-based, growth-oriented company focused on advancing its gold-silver Novo Tlamino and copper-gold Timok East projects in Serbia’s Western Tethyan Belt. The company aims to maximize the value of its mineral projects for stakeholders, including shareholders, local communities, and governments, while promoting sustainability, governance, and knowledge transfer.
Average Trading Volume: 156,158
Technical Sentiment Signal: Sell
Current Market Cap: C$6.06M
For an in-depth examination of ELY stock, go to TipRanks’ Overview page.