Electrum Discovery (TSE:ELY) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Electrum Discovery Corp. successfully closed the first tranche of its private placement, raising $749,020 with strong investor demand leading to an increase in the offering to $2,100,000. The funds are earmarked for the exploration of the Timok East copper-gold project in Serbia, with a focus on a maiden drill program and general working capital needs.
For further insights into TSE:ELY stock, check out TipRanks’ Stock Analysis page.