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iMetal Resources ( (TSE:IMR) ) has provided an announcement.
iMetal Resources Inc. has announced a non-brokered private placement offering of up to 50 million units at $0.10 per unit, aiming to raise up to $5 million. The proceeds will be used for further exploration of current properties, potential new acquisitions, and general working capital. The offering is subject to regulatory approvals and includes a statutory hold period for issued securities. This strategic move could enhance iMetal’s exploration capabilities and strengthen its market position.
More about iMetal Resources
iMetal Resources Inc. is a Canadian-based junior exploration company focused on the exploration and development of its resource properties in Ontario and Quebec. Its flagship property, Gowganda West, is an exploration-stage gold project located within the Abitibi Greenstone Gold Belt. The company also holds the Ghost Mountain property near Kirkland Lake and the Carheil project in the Northern Abitibi Greenstone Belt, which has multi-metal potential.
Average Trading Volume: 49,965
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$1.41M
For an in-depth examination of IMR stock, go to TipRanks’ Overview page.