Eloro Resources (TSE:ELO) 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.
Eloro Resources Ltd. has secured a significant investment from its largest shareholder, Crescat Capital, for a private placement offering aimed at raising up to $2.7 million. The funds are intended for further exploration and development of the promising Iska Iska project, a silver-rich multi-metallic resource critical for the energy transition. The offering includes common shares and warrants, with the goal of advancing the project amidst a period of rising metal prices and global shortage of critical metals.
For further insights into TSE:ELO stock, check out TipRanks’ Stock Analysis page.