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Mink Ventures Corp. ( (TSE:MINK) ) has provided an update.
Mink Ventures Corporation has successfully closed the first tranche of its non-brokered private placement, raising $731,518 through the issuance of hard dollar units and flow-through units. The proceeds will be used for the exploration and advancement of its Montcalm and Warren projects, as well as for general working capital. The transaction involves related party participation and is exempt from certain regulatory requirements due to its size relative to the company’s market capitalization. This funding is expected to bolster Mink Ventures’ exploration efforts and enhance its position in the critical minerals market.
More about Mink Ventures Corp.
Mink Ventures Corporation (TSXV:MINK) is a Canadian mineral exploration company focused on exploring critical minerals such as nickel, copper, and cobalt at its Warren and Montcalm projects in the Timmins, Ontario area. The Montcalm Project, adjacent to Glencore’s former Montcalm Mine, and the Warren Project both benefit from excellent infrastructure and access to skilled labor.
Average Trading Volume: 15,776
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$3.34M
For a thorough assessment of MINK stock, go to TipRanks’ Stock Analysis page.