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Inomin Mines Inc ( (TSE:MINE) ) has shared an update.
Inomin Mines Inc. has announced that it has received conditional approval from the TSX Venture Exchange for its earn-in and joint venture agreement with Sumitomo Metal Mining Canada Ltd. regarding the Beaver-Lynx project in British Columbia. This transaction, which allows Sumitomo to earn up to an 80% interest in the project, is pending final approval, including shareholder consent at an upcoming meeting. Additionally, Inomin plans to raise up to $350,000 through a non-brokered private placement to support its operations.
More about Inomin Mines Inc
Inomin Mines Inc. is engaged in the identification, acquisition, and exploration of mineral properties with a strong potential to host significant resources, focusing on critical minerals, gold, and silver. The company is listed on the TSX Venture Exchange under the symbol MINE.
Average Trading Volume: 84,035
Technical Sentiment Signal: Sell
Current Market Cap: C$1.48M
Learn more about MINE stock on TipRanks’ Stock Analysis page.