Lion One Metals Initiates C$7.5 Million Public Offering

The latest announcement is out from Lion One Metals ( (TSE:LIO) ).

Lion One Metals Limited announces an overnight marketed public offering of units to raise up to C$7.5 million. The proceeds will fund development and exploration at their Fiji projects, working capital, and general corporate purposes, potentially strengthening their position in the gold mining industry.

More about Lion One Metals

Lion One Metals is an emerging Canadian gold producer headquartered in North Vancouver, BC. The company operates the Tuvatu Alkaline Gold Project in Fiji, which includes a high-grade gold deposit, an underground gold mine, a pilot plant, and an assay lab.

YTD Price Performance: 35.71%

Average Trading Volume: 243,810

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$101.1M

For a thorough assessment of LIO stock, go to TipRanks’ Stock Analysis page.