Gunnison Copper Secures C$5.15 Million in Private Placement to Advance Key Projects

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

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