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Magna Terra Minerals Inc ( (TSE:MTT) ) has issued an update.
Magna Terra Minerals Inc. announced a non-brokered premium flow-through private placement aiming to raise $450,000, subject to regulatory approvals. The proceeds will fund exploration expenses for its projects in Newfoundland and New Brunswick, with major shareholder Michael Gentile participating in the offering. This initiative underscores Magna Terra’s commitment to advancing its mineral exploration projects and strengthening its operational foothold in critical mining regions.
More about Magna Terra Minerals Inc
Magna Terra Minerals Inc. is a Toronto-based exploration company focusing on precious and critical metals. The company is engaged in acquiring and advancing high-potential mineral projects primarily in Atlantic Canada and Argentina. Their exploration portfolio includes projects like the Humber Copper-Cobalt Project in Newfoundland, the Rocky Brook Project in New Brunswick, and the Cape Spencer Gold Project. Magna Terra also partners through options and joint ventures to enhance shareholder value and minimize dilution.
YTD Price Performance: 87.50%
Average Trading Volume: 289,453
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$6.42M
See more insights into MTT stock on TipRanks’ Stock Analysis page.
