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Military Metals Corp. Closes $3 Million Private Placement

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Military Metals Corp. Closes $3 Million Private Placement

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An update from X1 Esports and Entertainment Ltd. ( (TSE:MILI) ) is now available.

Military Metals Corp. has successfully closed a non-brokered private placement, raising nearly $3 million through the issuance of units at $0.36 each. This financing, which included a significant investment from a European investor, underscores strong market interest in the company’s exploration strategy in Slovakia. The proceeds will be used for technical work on their Trojarová antimony-gold project, including a Preliminary Economic Assessment and infill drilling, potentially enhancing the company’s strategic position in the mineral exploration industry.

More about X1 Esports and Entertainment Ltd.

Military Metals Corp. is a British Columbia-based mineral exploration company focused on the acquisition, exploration, and development of mineral properties, with a particular emphasis on antimony.

Average Trading Volume: 251,907

Technical Sentiment Signal: Sell

Current Market Cap: C$23.42M

See more insights into MILI stock on TipRanks’ Stock Analysis page.

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