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Cortus Metals ( (TSE:MLO) ) has provided an update.
Metalero Mining Corp. has successfully closed an oversubscribed private placement, raising $919,501 to fund exploration at its Benson Project in British Columbia. The funds will be used for follow-up work based on recent soil sampling and geophysical surveys, as well as general working capital. The offering involved the issuance of units consisting of common shares and share purchase warrants, with certain insiders participating, constituting a related party transaction. The Benson Project, accessible via Highway 26 and logging roads, covers multiple target areas identified by AI studies, showing potential for gold and copper mineralization.
More about Cortus Metals
Metalero Mining Corp. is a Canadian-based junior exploration company focused on copper and gold projects in North America. Its flagship project, the Benson Project, is located in central British Columbia and is known for its porphyry-related mineralized systems containing gold and copper. The company also has drill-ready properties in Nevada available for sale or option.
Average Trading Volume: 44,539
Technical Sentiment Signal: Buy
Current Market Cap: C$3.12M
See more data about MLO stock on TipRanks’ Stock Analysis page.