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Mithril Resources Ltd ( (AU:MTH) ) has issued an update.
Mithril Silver and Gold Limited has announced a brokered private placement of 27,778,000 common shares at C$0.36 per share, aiming to raise C$10 million. The proceeds will be used to enhance exploration and drilling activities at its Copalquin district project in Mexico, as well as for general corporate purposes. The offering is set to close on July 29, 2025, subject to regulatory approvals, and includes an option for agents to increase the offering by 15%. This move is expected to bolster Mithril’s operational capacity in the competitive precious metals exploration industry.
More about Mithril Resources Ltd
Mithril Silver and Gold Limited is an Australian and Canadian listed precious metals exploration company, focused on its Copalquin district project, in Mexico’s Sierra Madre Gold Silver Trend. The Copalquin mining district is located in Durango State, Mexico and covers an entire mining district of 70 square kilometers within the Sierra Madre Gold Silver Trend, which hosts many world-class gold and silver deposits.
Average Trading Volume: 381,718
Technical Sentiment Signal: Sell
Current Market Cap: A$61.31M
See more insights into MTH stock on TipRanks’ Stock Analysis page.