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Excelsior Mining ( (TSE:GCU) ) just unveiled an announcement.
Gunnison Copper Corp. has successfully closed a non-brokered private placement, raising C$8.662 million through the sale of 28,874,100 units. The proceeds will be used to advance the High Value Add Work Program and fund drilling and metallurgical testing for the Gunnison Copper Project’s pre-feasibility study. This financing positions Gunnison to continue its development efforts in Southern Arizona, potentially enhancing its market presence and operational capabilities.
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, supporting American energy, defense, and manufacturing supply chains. Gunnison emphasizes local hiring, purchasing, and selling, while investing in its employees and communities. The flagship Gunnison Copper Project is being developed with open pit mining and SX/EW refinery to produce copper cathode on-site.
Average Trading Volume: 379,590
Technical Sentiment Signal: Hold
Current Market Cap: C$89.8M
For an in-depth examination of GCU stock, go to TipRanks’ Overview page.