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Mantaro Precious Metals ( (TSE:FAS) ) has issued an update.
First Andes Silver Ltd. has increased its private placement financing from $1,000,000 CAD to $1,350,000 CAD by offering 13,500,000 units at $0.10 CAD per unit. The proceeds will be used to expand its drill program at the Santas Gloria silver property and for general working capital, potentially enhancing its exploration capabilities and market position.
More about Mantaro Precious Metals
First Andes Silver Ltd. is a British Columbia-based company that holds a 100% interest in the high-grade Santas Gloria silver property, located in a major mining district near Lima, Peru. The property is part of an intermediate sulfidation epithermal belt with over 12 km of multiphase veins, which were first explored using modern techniques in 2024.
Average Trading Volume: 519,393
Technical Sentiment Signal: Hold
Current Market Cap: C$7.91M
For a thorough assessment of FAS stock, go to TipRanks’ Stock Analysis page.