iMetal Resources Raises Funds for Exploration

iMetal Resources (TSE:IMR) has released an update.

iMetal Resources has successfully closed the first tranche of its private placement, raising $670,002.90 by issuing over 4.4 million units, each comprising a common share and a warrant. The proceeds will be used for further exploration and general capital expenses, with all securities subject to a hold period until April 2025.

For further insights into TSE:IMR stock, check out TipRanks’ Stock Analysis page.