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The latest announcement is out from Norseman Capital ( (TSE:FTZ) ).
Fitzroy Minerals Inc. has announced plans to raise up to $13 million through a non-brokered LIFE offering and a concurrent private placement. The funds will be used for exploration activities and property commitments on the company’s projects in Chile and Argentina, as well as for general administrative costs and working capital. This move aims to strengthen Fitzroy’s operational capabilities and enhance its exploration efforts in the Americas.
More about Norseman Capital
Fitzroy Minerals is focused on exploring and developing mineral assets with substantial upside potential in the Americas. The company’s property portfolio includes the Buen Retiro Copper Project in Chile, the Caballos Copper and Polimet Gold-Copper-Silver projects in Chile, the Taquetren Gold Project in Argentina, and the Cariboo Project in Canada.
Average Trading Volume: 257,449
Technical Sentiment Signal: Buy
Current Market Cap: C$79.68M
See more insights into FTZ stock on TipRanks’ Stock Analysis page.