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The latest update is out from Lion Rock Resources ( (TSE:ROAR) ).
Lion Rock Resources Inc. has announced a non-brokered private placement to raise up to $3 million through the issuance of 15,000,000 units at $0.20 each. The funds will be used for property payments, exploration work on the Volney Project, and general working capital, potentially enhancing the company’s operational capabilities and market positioning in the mineral exploration industry.
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. Its flagship asset, the Volney Project, is located in South Dakota’s Black Hills, an area known for active gold operations. The company is led by a team with a strong track record in mineral discoveries, project development, and financing.
Average Trading Volume: 144,876
Technical Sentiment Signal: Sell
Current Market Cap: C$14.64M
Learn more about ROAR stock on TipRanks’ Stock Analysis page.