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The latest update is out from Silverfish Resources, Inc. ( (TSE:MSM) ).
Metalsource Mining Inc. has announced a loan agreement with an arm’s-length third party, allowing the company to borrow $50,000 at a 5% annual interest rate. Additionally, the company will issue 25,000 warrants to the lender, exercisable at $0.20 per share for two years. This financial arrangement is likely to support Metalsource’s ongoing exploration and development activities, potentially enhancing its market position and providing opportunities for growth in the mineral exploration sector.
More about Silverfish Resources, Inc.
Metalsource Mining Inc. is engaged in the acquisition, exploration, and development of mineral property assets, focusing on precious and base metal properties. The company’s primary project is the Aruba Property, located in the Kalahari Desert region of Botswana, which is prospective for platinum group metals, gold, silver, and manganese mineralization.
Average Trading Volume: 29,346
Technical Sentiment Signal: Buy
Current Market Cap: C$6.1M
For detailed information about MSM stock, go to TipRanks’ Stock Analysis page.