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GreenLight Metals Inc ( (TSE:GRL) ) has issued an update.
GreenLight Metals Inc. has announced a $10 million bought deal financing agreement with Stifel Nicolaus Canada Inc. and TD Securities Inc. The proceeds from this private placement offering will be used for development and exploration projects in Wisconsin, including the Bend Project and the Penokean VMS Belt, as well as for general corporate purposes. This financing is expected to bolster the company’s operational capabilities and support its strategic focus on advancing key projects in Wisconsin, enhancing its position in the exploration industry.
More about GreenLight Metals Inc
GreenLight Metals Inc. is a Wisconsin-focused exploration company specializing in copper-gold and gold projects. It operates in the Penokean Volcanic Belt, one of North America’s most promising VMS districts, and the Kalium Canyon epithermal gold project in Nevada’s Walker Lane. The company’s portfolio includes the Bend copper-gold deposit, the Reef high-grade gold project, and the Lobo and Lobo East massive sulfide targets. GreenLight Metals is committed to responsible exploration and creating sustainable local opportunities while contributing to the energy transition.
Average Trading Volume: 128,380
Technical Sentiment Signal: Strong Buy
See more insights into GRL stock on TipRanks’ Stock Analysis page.