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An update from Dunbar Metals Corp. ( (TSE:KSM) ) is now available.
Kirkstone Metals Corp. has launched a non-brokered private placement of up to 10,000,000 units at $0.20 per unit to raise as much as $2 million, with each unit comprising one share and a half warrant exercisable at $1.00 after a 60-day hold. Proceeds are earmarked for exploration and general working capital, with part of the offering made under the listed issuer financing exemption, allowing immediate free trading in most Canadian provinces and underscoring the company’s drive to fund its uranium exploration programs.
The company also began trading on the OTCQB market in the United States under the symbol KSMCF, a move expected to improve liquidity and broaden access for U.S.-based investors. This dual-market presence, combined with the new financing, is aimed at strengthening Kirkstone’s capital markets profile and supporting its strategy in the uranium exploration sector.
More about Dunbar Metals Corp.
Kirkstone Metals Corp. is a Canadian mineral exploration company focused on uranium assets, positioning itself to support the global transition to clean, reliable and secure energy. The company is listed on the TSX Venture Exchange and seeks to attract investors interested in the growing demand for nuclear-linked clean energy resources.
Average Trading Volume: 525,570
Technical Sentiment Signal: Sell
For an in-depth examination of KSM stock, go to TipRanks’ Overview page.