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The latest update is out from Excelsior Mining ( (TSE:GCU) ).
Gunnison Copper Corp. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of approximately C$13.3 million. This funding will support the company’s ongoing projects, including the Gunnison Copper Project and the Johnson Camp Asset, enhancing its position in the copper industry and providing potential economic benefits to stakeholders.
More about Excelsior Mining
Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer located in the Southern Arizona Copper Belt. The company controls the Cochise Mining District, which includes 12 known deposits within an 8 km economic radius. Its flagship asset, the Gunnison Copper Project, is being developed as a conventional operation with open pit mining, heap leach, and SX/EW refinery to produce finished copper cathode on-site. Additionally, the Johnson Camp Asset is in production, fully funded by Nuton LLC, a Rio Tinto Venture.
Average Trading Volume: 944,109
Technical Sentiment Signal: Buy
Current Market Cap: C$144.6M
Learn more about GCU stock on TipRanks’ Stock Analysis page.