Element 29 Resources (TSE:ECU) has released an update.
Element 29 Resources Inc. successfully completed a private placement, raising $3.26 million to fund exploration activities in Peru and for general working capital needs. The placement included over 13 million units, each comprising a common share and a purchase warrant, with insiders participating significantly. The proceeds are crucial for advancing the company’s strategic copper projects within the prolific Peruvian mining region.
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