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The latest update is out from Mawson Finland Limited ( (TSE:MFL) ).
Mawson Finland Limited has successfully closed a brokered private placement, raising C$6 million through the sale of over 3.1 million common shares at C$1.90 each. The funds will be used to further explore and advance the Rajapalot Gold-Cobalt Project and for general working capital, reflecting the company’s strategic focus on de-risking and developing this key asset.
More about Mawson Finland Limited
Mawson Finland Limited operates in the mining industry, focusing primarily on the exploration and development of mineral resources. The company is particularly involved in the gold and cobalt sectors, with a significant emphasis on advancing its flagship Rajapalot Gold-Cobalt Project.
YTD Price Performance: 8.05%
Average Trading Volume: 21,816
Technical Sentiment Consensus Rating: Strong Buy
Learn more about MFL stock on TipRanks’ Stock Analysis page.