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An announcement from Electrum Discovery ( (TSE:ELY) ) is now available.
Electrum Discovery Corp. has successfully closed an over-subscribed private placement, raising $1,608,077. The funds will be used to advance drilling projects in Serbia, specifically at Novo Tlamino and Timok East, positioning the company to enhance its copper and gold exploration efforts. This financial boost, supported by key investors like Crescat Capital, strengthens Electrum’s market position as a leading copper-gold explorer in Europe.
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. The company aims to enhance shareholder value while promoting sustainability, governance, and knowledge transfer in the region.
Average Trading Volume: 184,079
Technical Sentiment Signal: Sell
Current Market Cap: C$6.53M
For detailed information about ELY stock, go to TipRanks’ Stock Analysis page.