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Goldstorm Metals Corp. ( (TSE:GSTM) ) has provided an update.
Goldstorm Metals Corp. has successfully closed an upsized non-brokered private placement financing, raising approximately $2.1 million. The funds will be allocated towards working capital, general corporate purposes, and Canadian exploration expenses. Notably, strategic investor Eric Sprott participated in the offering, acquiring a significant number of shares and warrants. This financing is expected to bolster Goldstorm’s exploration activities in the Golden Triangle, potentially enhancing its market position and providing value to stakeholders.
More about Goldstorm Metals Corp.
Goldstorm Metals Corp. is a precious and base metals exploration company with a significant strategic land position in the Golden Triangle of British Columbia, an area known for some of the largest and highest-grade gold deposits globally. Its flagship projects, Crown and Electrum, span approximately 16,469 hectares and are located near major gold and copper deposits, including Seabridge Gold’s KSM deposits and Newmont Corporation’s Brucejack/Valley of the Kings gold mine.
Average Trading Volume: 185,291
Technical Sentiment Signal: Hold
For a thorough assessment of GSTM stock, go to TipRanks’ Stock Analysis page.