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MAX Resource ( (TSE:MAX) ) just unveiled an update.
Max Resource Corp. has successfully closed an over-subscribed private placement, raising CAD $3.4 million. The funds will be used for mineral exploration at the Mora Gold-Silver Project and general working capital. This move strengthens Max’s financial position and supports its ongoing exploration efforts, potentially enhancing its market presence in the mining sector.
More about MAX Resource
Max Resource Corp. is involved in mineral exploration, focusing on projects in Colombia and Brazil. The company has a 100% ownership of the Mora Gold-Silver Project in Colombia and is engaged in the Sierra Azul Copper-Silver Project through an Earn-In Agreement with Freeport-McMoRan. Additionally, it operates the Florália Hematite DSO Project in Brazil, which has shown potential for significant iron ore resources.
Average Trading Volume: 466,057
Technical Sentiment Signal: Buy
Current Market Cap: C$22.34M
See more data about MAX stock on TipRanks’ Stock Analysis page.