Eloro Resources (TSE:ELO) has released an update.
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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.
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