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ArcPacific Resources Corp ( (TSE:FAN) ) just unveiled an announcement.
The company collected $1.98 million in cash from the full exercise of all $0.20 warrants associated with its 2023 financing, trimming outstanding warrants to 210,000 and easing dilution pressure. Management also launched a no-warrant private placement seeking up to $3 million at $0.18 per share to steer development of Pipestone XL and Ophiolite-X, keep claims in good standing, and cover corporate costs, signalling an intensified push to fund project milestones without adding further warrant overhang.
More about ArcPacific Resources Corp
First Atlantic Nickel Corp. is a Canadian nickel-focused explorer advancing the Pipestone XL nickel-cobalt alloy project and related ultramafic targets, supplying battery metals to the energy-transition market.
Average Trading Volume: 366,129
Technical Sentiment Signal: Buy
Current Market Cap: C$24.56M
See more data about FAN stock on TipRanks’ Stock Analysis page.