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MAX Resource ( (TSE:MAX) ) just unveiled an announcement.
Max Resource Corp. has announced a non-brokered private placement to raise up to CAD $3,000,000 through the issuance of 30,000,000 units, each comprising one common share and one-half of a transferable warrant. The funds will be used for mineral exploration at the Mora Gold-Silver Project and general working capital. This move is expected to bolster Max’s exploration activities and strengthen its position in the mineral exploration industry, particularly in Colombia and Brazil, where it holds significant projects.
More about MAX Resource
Max Resource Corp. is a mineral exploration company with a focus on gold, silver, copper, and iron ore projects. It operates the Mora Gold-Silver Project in Colombia, the Sierra Azul Copper-Silver Project along the Andean copper belt, and the Florália Hematite DSO Project in Brazil. The company has strategic partnerships, including an Earn-In Agreement with Freeport-McMoRan Exploration Corporation for the Sierra Azul Project.
Average Trading Volume: 473,817
Technical Sentiment Signal: Hold
Current Market Cap: C$25.13M
For an in-depth examination of MAX stock, go to TipRanks’ Overview page.