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Excelsior Mining ( (TSE:GCU) ) has issued an update.
Gunnison Copper Corp. has announced a non-brokered private placement to raise up to C$5 million through the sale of 16,666,700 units at C$0.30 per unit. The proceeds will fund the High Value Add Work Program at the Gunnison Copper Project, including drilling and metallurgical testing for a pre-feasibility study, and cover general administrative expenses. The offering is expected to close during the week of July 14, 2025, subject to regulatory approvals, and the securities will be freely tradeable in Canada. This financing move is poised to enhance Gunnison’s operational capabilities and strengthen its position in the copper industry.
More about Excelsior Mining
Gunnison Copper Corp. is a multi-asset copper developer and producer operating in the Southern Arizona Copper Belt, controlling the Cochise Mining District with 12 known deposits. The company focuses on producing fully Made in America copper cathode for American energy, defense, and manufacturing supply chains, emphasizing local hiring and purchasing. Gunnison is committed to safe, responsible operations with a focus on technology and societal impact, aiming for long-term value creation for stakeholders.
Average Trading Volume: 331,584
Technical Sentiment Signal: Buy
Current Market Cap: C$96.45M
See more data about GCU stock on TipRanks’ Stock Analysis page.