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Voleo Trading Systems Inc ( (TSE:INTR) ) has provided an update.
Intrepid Metals Corp. has closed a non‑brokered private placement for gross proceeds of C$6.5 million, issuing 10,833,333 common shares at C$0.60 each, with Teck Resources Limited contributing about C$4.1 million for 6,842,881 shares. The financing, which involved no finders’ fees, strengthens Intrepid’s shareholder base and underscores growing institutional confidence in the Corral Copper Project’s scale and potential in southeastern Arizona.
Proceeds will fund a 30‑month exploration and development program at Corral, including geophysics, mapping, sampling, metallurgical and permitting work, and follow‑up drilling aimed at expanding known zones and testing new targets. Intrepid and Teck also amended their investor rights agreement, increasing committed funds, extending program timelines and Teck’s right of first refusal, and raising Teck’s potential ownership cap from 15% to 19.9%, further tightening their strategic alignment on the project.
More about Voleo Trading Systems Inc
Intrepid Metals Corp. is a mineral exploration company focused on high‑grade essential metals, including copper, silver and zinc, in established mining jurisdictions in southeastern Arizona. Its portfolio is anchored by the advanced exploration‑stage, district‑scale Corral Copper Project, complemented by the Tombstone South and Mesa Well projects in the same region.
Average Trading Volume: 310,546
Technical Sentiment Signal: Buy
Current Market Cap: C$50.64M
For an in-depth examination of INTR stock, go to TipRanks’ Overview page.