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An announcement from Excelsior Mining ( (TSE:GCU) ) is now available.
Gunnison Copper Corp. has announced a non-brokered private placement aiming to raise up to C$15 million through the sale of units comprising common shares and warrants. The proceeds will be used for drilling, metallurgical testing, and permitting activities for the Gunnison Copper Project, as well as for general corporate purposes. This strategic move is expected to enhance the company’s operational capabilities and strengthen its position in the copper industry. The offering is subject to regulatory approvals and is expected to close by the end of October 2025.
More about Excelsior Mining
Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer based in the Southern Arizona Copper Belt. The company controls the Cochise Mining District, which contains 12 known deposits within an 8 km economic radius. Its flagship asset, the Gunnison Copper Project, boasts a significant Measured and Indicated Mineral Resource and is being developed as a conventional operation with open pit mining, heap leach, and SX/EW refinery to produce finished copper cathode.
Average Trading Volume: 890,148
Technical Sentiment Signal: Buy
Current Market Cap: C$191.6M
For an in-depth examination of GCU stock, go to TipRanks’ Overview page.