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Heartfield Mining Corp. ( (TSE:MERC) ) has issued an announcement.
Mercado Minerals Ltd. has announced a non-brokered private placement to raise up to C$5,500,000 through the issuance of 27,500,000 units at C$0.20 per unit. The proceeds will be used for exploration of the Copalito and Zamora properties, acquisition costs, new project generation, investor relations, and general corporate purposes. The financing includes lead orders from strategic investors and is expected to close in December 2025, pending regulatory approvals. This move is anticipated to strengthen Mercado’s operational capabilities and expand its exploration activities, potentially enhancing its market position.
More about Heartfield Mining Corp.
Mercado Minerals Ltd. (CSE: MERC) is a company involved in acquiring and exploring mineral properties in the Americas, with a primary focus on the exploration and evaluation of the Porter Property in British Columbia’s Alberni Mining Divisions.
Average Trading Volume: 75,352
Technical Sentiment Signal: Buy
For detailed information about MERC stock, go to TipRanks’ Stock Analysis page.