Hannan Metals Ltd ( (TSE:HAN) ) has issued an announcement.
Hannan Metals Limited has announced the acceleration of the expiry date for its outstanding share purchase warrants, originally issued in May 2023. This decision follows the company’s share price meeting the required threshold on the TSX Venture Exchange, allowing the company to potentially raise approximately C$1.1 million if all warrants are exercised. The additional capital is strategically timed to support upcoming drilling programs in Peru and Chile, as well as ongoing exploration efforts, without diluting the existing shareholder base.
More about Hannan Metals Ltd
Hannan Metals Limited is a resource and exploration company focused on discovering and developing sustainable metal resources essential for the transition to a low carbon economy. The company has a strong track record over the past decade in discovering, financing, and advancing mineral projects in Europe and Peru.
YTD Price Performance: 21.43%
Average Trading Volume: 91,920
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$102.6M
See more insights into HAN stock on TipRanks’ Stock Analysis page.
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