Midnight Sun Mining Bolsters Zambian Project Funding

Midnight Sun Mining (TSE:MMA) has released an update.

Midnight Sun Mining Corp. has announced a substantial $3.3 million private placement to fund exploration and working capital, involving the sale of 15 million units at $0.22 each, which include shares and warrants. The proceeds will particularly advance the company’s endeavors in the Zambian Copperbelt, where their Solwezi Project is strategically located amid a high-yield copper producing region. This financial move is set to propel Midnight Sun’s mission to discover and develop a major new copper deposit in Zambia.

For further insights into TSE:MMA stock, check out TipRanks’ Stock Analysis page.