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Fathom Nickel ( (TSE:FNI) ) has issued an announcement.
Fathom Nickel Inc. announced the closing of its non-brokered offering, raising a total of $398,025 through the issuance of flow-through and non-flow-through units. The proceeds will be used for exploration expenses related to its projects in Saskatchewan and general corporate purposes. Due to sluggish capital markets, Fathom plans a new offering to raise additional funds by issuing up to 23,500,000 non-flow-through units, aiming to secure $705,000.
More about Fathom Nickel
Fathom Nickel Inc. operates in the mining industry, focusing on the exploration and development of mineral projects. The company is involved in projects such as the Albert Lake Project and the Gochager Lake Project, both located in Saskatchewan, Canada.
YTD Price Performance: 5.00%
Average Trading Volume: 91,484
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.92M
For an in-depth examination of FNI stock, go to TipRanks’ Stock Analysis page.