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The latest update is out from Lion Rock Resources ( (TSE:ROAR) ).
Lion Rock Resources Inc. has announced an increase in its non-brokered private placement, aiming to raise up to $5.1 million through the issuance of 25.5 million units. The proceeds will be used for property payments, exploration work on the Volney Project, and general working capital, potentially strengthening the company’s operational capabilities and market position.
More about Lion Rock Resources
Lion Rock Resources Inc. is a Canadian mineral exploration company focused on advancing high-grade gold and lithium projects across North America. The company’s flagship asset, the Volney Project, is located in South Dakota’s Black Hills, a region known for its mining-friendly environment and active gold operations. Led by an award-winning team, Lion Rock Resources has a proven track record in mineral discoveries, project development, and financing.
Average Trading Volume: 157,296
Technical Sentiment Signal: Hold
Current Market Cap: C$19.79M
For an in-depth examination of ROAR stock, go to TipRanks’ Overview page.