Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Mantaro Precious Metals ( (TSE:FAS) ) has provided an update.
First Andes Silver Ltd. has successfully closed the first tranche of its non-brokered private placement, raising $1,017,000 CAD by issuing 10,170,000 units. The proceeds will be used to expand the drill program at the Santas Gloria silver property and for general working capital. This move is expected to enhance the company’s exploration efforts and strengthen its position in the silver mining industry.
More about Mantaro Precious Metals
First Andes Silver Ltd. is a British Columbia-based company that holds a 100% interest in the Santas Gloria silver property located in a major mining district near Lima, Peru. The company focuses on exploring high-grade silver deposits within a well-known intermediate sulfidation epithermal belt, with a maiden diamond drill program confirming significant silver endowment.
Average Trading Volume: 519,393
Technical Sentiment Signal: Hold
Current Market Cap: C$7.91M
For an in-depth examination of FAS stock, go to TipRanks’ Overview page.