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An update from Mithril Resources Ltd ( (AU:MTH) ) is now available.
Mithril Silver and Gold Limited has successfully closed a brokered private placement, raising C$11.5 million through the issuance of 31,944,700 ordinary shares at C$0.36 per share. The funds will be used to advance the company’s Copalquin district project in Mexico, as well as for general corporate purposes. This strategic financial move enhances Mithril’s capacity to further develop its operations in a region known for significant precious metal deposits, potentially strengthening its position in the mining 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 company operates within a 70 square kilometer mining district in Durango State, Mexico, which is part of a region known for hosting numerous world-class gold and silver deposits.
Average Trading Volume: 420,791
Technical Sentiment Signal: Hold
Current Market Cap: A$76.72M
Learn more about MTH stock on TipRanks’ Stock Analysis page.