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Lion One Metals ( (TSE:LIO) ) has shared an update.
Lion One Metals Limited successfully closed an underwritten public offering and a concurrent sidecar private placement, raising gross proceeds of approximately $10.8 million. The funds will be utilized for purchasing mining and mill equipment and supporting ongoing exploration activities at the Tuvatu Gold project in Fiji. The offering included issuing units consisting of common shares and warrants, with the company planning to list these warrants on the TSX Venture Exchange. These financial activities are poised to bolster Lion One’s operational capabilities and strengthen its position within the mining sector.
More about Lion One Metals
Lion One Metals Limited is a company operating within the mining industry, focusing primarily on gold exploration and development. It is particularly focused on the Tuvatu Gold project located in Fiji.
YTD Price Performance: 1.79%
Average Trading Volume: 307,936
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$75.8M
For an in-depth examination of LIO stock, go to TipRanks’ Stock Analysis page.
