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The latest announcement is out from Fidelity Minerals Corp ( (TSE:FMN) ).
Fidelity Minerals Corp. has successfully closed the first tranche of its non-brokered private placement financing, raising CAD $1,350,000 through the sale of 13,500,000 units. The proceeds will be used to advance the company’s exploration and community relation programs in Peru and for corporate working capital. This financing move, involving strategic and related party investors, underscores the company’s focus on expanding its mining operations and enhancing its market position.
More about Fidelity Minerals Corp
Fidelity Minerals Corp. is a mining company focused on assembling a portfolio of high-quality mining assets, particularly targeting large-scale copper and gold deposits. The company aims to delineate major deposits that could attract mid-tier and major mining companies, with a focus on its advanced project, Las Huaquillas, in Northern Peru. Fidelity Minerals is supported by an experienced management team and committed investors, seeking to expand its project portfolio through strategic acquisitions.
Average Trading Volume: 34,451
Technical Sentiment Signal: Sell
Current Market Cap: C$3.04M
For an in-depth examination of FMN stock, go to TipRanks’ Overview page.