IMPACT Silver (TSE:IPT) has released an update.
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IMPACT Silver has successfully closed an oversubscribed first tranche of a private placement financing, raising C$7.1 million, surpassing the initial target of C$6.2 million. This funding will fuel the acceleration of exploration at the company’s high-grade zinc-lead-silver Plomosas property in Mexico, and further development of its silver assets, taking advantage of strong silver and base metals prices. The raised capital will also be directed towards operational improvements to enhance productivity.
For further insights into TSE:IPT stock, check out TipRanks’ Stock Analysis page.