Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Mich Resources Ltd. ( (TSE:GRBM) ) has provided an announcement.
Green Bridge Metals plans to raise up to C$4 million via a non-brokered private placement of up to 33.3 million units priced at C$0.12, each comprising one common share and one three-year warrant exercisable at C$0.15, with proceeds earmarked to support ongoing operations and general working capital. The financing, which is subject to standard regulatory approvals and Canadian Securities Exchange clearance, is bolstered by a commitment of up to C$1 million from strategic investor Russell Starr, who will also join as a special advisor; his extensive capital markets and mining-sector M&A experience signals an effort by Green Bridge to strengthen its financial position and strategic capabilities as it advances its critical minerals portfolio.
More about Mich Resources Ltd.
Green Bridge Metals is a Canadian-based mineral exploration company focused on acquiring and developing critical mineral–rich assets in North America. Its key projects include the Serpentine property and the South Contact District in Minnesota, encompassing the Titac and Skibo properties along the Duluth Complex. These projects host bulk-tonnage copper-nickel and titanium-vanadium mineral resources in mafic, ultramafic and oxide ultramafic intrusions, with Serpentine holding inferred and indicated copper-nickel resources and a portion of Titac, known as Titac South, containing an inferred titanium dioxide resource under NI 43-101 standards.
Average Trading Volume: 205,429
Technical Sentiment Signal: Buy
Current Market Cap: C$32.23M
For detailed information about GRBM stock, go to TipRanks’ Stock Analysis page.