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Empire Metals ( (TSE:EP) ) just unveiled an update.
Empire Metals Corp. has successfully closed a $600,000 private placement financing, issuing 10,000,000 units at $0.06 per unit. The proceeds will be used for general corporate purposes, exploration, and development of its Canadian projects, as well as debt reduction and maintaining existing properties. Additionally, Empire has granted 7,200,000 stock options to acquire common shares, further strengthening its financial position and operational capabilities. This financing and strategic allocation of resources are expected to bolster Empire’s exploration and development efforts, enhancing its industry positioning and providing potential benefits to stakeholders.
More about Empire Metals
Empire Metals Corp. is a Canadian resource exploration and development company. It has recently optioned a 70% interest in a Yukon Gold Project and owns a 100% interest in the Buck Lake Platinum, Palladium, Nickel, and Gold Project in Ontario. Empire also holds a controlling interest in the Fox Creek Lithium Project in Alberta and the Gwyn Lake gold project in the historic Beardmore-Geraldton greenstone gold belt in Ontario.
Average Trading Volume: 7,937
Technical Sentiment Signal: Buy
Current Market Cap: C$10.91M
See more data about EP stock on TipRanks’ Stock Analysis page.