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Miata Metals Corp. ( (TSE:MMET) ) has shared an update.
Miata Metals Corp. has successfully closed an $11.5 million public offering, including the full exercise of the over-allotment option, issuing nearly 24 million common shares at $0.48 each. The proceeds will fund exploration activities at the Sela Creek project in Suriname and general corporate purposes. This milestone reflects strong institutional demand and positions Miata to advance its exploration program, particularly at the promising Jon’s Trend discovery, enhancing its shareholder base and industry standing.
More about Miata Metals Corp.
Miata Metals Corp. is a Canadian mineral exploration company listed on the Canadian Securities Exchange, OTCQB, and Frankfurt Exchanges. The company focuses on acquiring, exploring, and developing mineral properties, holding a 70% interest in the Sela Creek Gold Project and Nassau Gold Project in Suriname, with options to acquire full ownership.
Average Trading Volume: 488,550
Technical Sentiment Signal: Sell
Current Market Cap: C$33.77M
See more insights into MMET stock on TipRanks’ Stock Analysis page.