Palladium One Mining Inc (TSE:GT) has released an update.
GT Resources Inc. has launched a non-brokered private placement to raise $1.8 million, aiming to fund an ambitious drilling project at their Canalask Nickel-Copper Project in the Yukon. The investment will finance a 2,000-meter drilling program to explore and potentially expand the site’s historical nickel resources and significant copper mineralization. The funding mechanism allows the company to keep its ‘hard dollar’ cash reserves intact while pursuing their exploration objectives, with the private placement expected to close by June 15, 2024.
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