Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest update is out from Excelsior Mining ( (TSE:GCU) ).
Gunnison Copper Corp. announced the successful closing of a non-brokered private placement, raising C$5.15 million through the issuance of units consisting of common shares and warrants. Combined with previous funding from Nuton, LLC, the company has secured a total of C$9.44 million, which will be used to advance the Gunnison Copper Project through drilling, metallurgical testing, and pre-feasibility studies. This financial boost ensures sufficient working capital for the next 12 months, aiding Gunnison’s strategic objectives and enhancing its market position in the copper industry.
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 focuses on developing and operating copper mines to produce fully Made in America finished copper cathode, supplying American energy, defense, and manufacturing supply chains. Gunnison emphasizes local hiring, purchasing, and selling, and is committed to safety, technology, and positive societal impact.
YTD Price Performance: 14.63%
Average Trading Volume: 182,081
Technical Sentiment Signal: Sell
Current Market Cap: C$74.12M
Find detailed analytics on GCU stock on TipRanks’ Stock Analysis page.