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Atacama Copper Corporation ( (TSE:FMT) ) just unveiled an announcement.
Fuerte Metals Corporation has successfully closed a private placement offering of subscription receipts through its subsidiary, 1555489 B.C. Ltd., raising approximately $57.5 million. This funding will be used to complete the acquisition of the Coffee Gold Project in Canada’s Yukon Territory from Newmont Corporation, advance exploration and development at the site, and for general corporate purposes. The proceeds are held in escrow until all necessary approvals are obtained, after which they will be released, and the subscription receipts will convert into company units. This move is significant for Fuerte as it enhances its asset portfolio and strengthens its position in the mining sector.
More about Atacama Copper Corporation
Average Trading Volume: 100,044
Technical Sentiment Signal: Buy
Current Market Cap: C$123.4M
For detailed information about FMT stock, go to TipRanks’ Stock Analysis page.