Metallic Minerals Secures $1.6M for Exploration

Metallic Minerals (TSE:MMG) has released an update.

Metallic Minerals Corp. has successfully completed the first tranche of its private placement, raising $1.6 million through the issuance of 4 million flow-through shares at $0.40 each. The funds will primarily finance drilling and exploration at the high-grade Keno Silver Project in Yukon, Canada, and support work on their alluvial gold royalty portfolio. Anticipation is high for the final tranche’s closure and upcoming exploration updates, including the promising La Plata project in Colorado.

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