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First Nordic Metals ( (TSE:FNM) ) just unveiled an announcement.
First Nordic Metals Corp. has successfully closed its previously announced non-brokered and brokered private placements, raising a total of approximately C$80 million. The proceeds will be used to fund exploration programs, transaction costs, and general corporate purposes, enhancing the company’s operational capabilities and strategic positioning in the mining sector.
The most recent analyst rating on (TSE:FNM) stock is a Buy with a C$1.25 price target. To see the full list of analyst forecasts on First Nordic Metals stock, see the TSE:FNM Stock Forecast page.
More about First Nordic Metals
First Nordic Metals Corp. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in acquiring and managing mining assets, with a market focus on expanding its portfolio through strategic transactions.
Average Trading Volume: 781,515
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$159.3M
Learn more about FNM stock on TipRanks’ Stock Analysis page.