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IDEX Metals Corp. ( (TSE:IDEX) ) has issued an announcement.
IDEX Metals Corp. has announced a non-brokered private placement of up to 3,333,333 units at $0.60 per unit, aiming to raise up to $2 million. The proceeds will be used for exploration of its mineral properties in Idaho and general working capital. This strategic move is designed to limit shareholder dilution while enhancing the company’s ability to deliver additional catalysts through an expanded drill campaign, following successful initial drilling results at the Kismet Target. The offering is subject to customary conditions and regulatory approvals, with securities issued under the offering subject to a hold period of four months and one day from the closing date.
More about IDEX Metals Corp.
IDEX Metals Corp. is a mineral exploration company focused on advancing a portfolio of base and precious metal projects in Idaho, USA. The company is primarily focused on the exploration and development of the Freeze Copper-Gold porphyry prospect located in the newly discovered Idaho Copper District, Washington County, Idaho. With a strategic land position in a top-tier mining jurisdiction and surrounded by major industry players, IDEX is committed to redefining district-scale exploration in Idaho.
Average Trading Volume: 235,740
Technical Sentiment Signal: Buy
For a thorough assessment of IDEX stock, go to TipRanks’ Stock Analysis page.