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Mithril Resources Ltd ( (AU:MTH) ) has issued an update.
Mithril Silver and Gold Limited has announced a private placement to raise up to C$11.5 million to accelerate exploration at its Copalquin project in Mexico. The placement has attracted strong demand from institutional investors across Australia, North America, and overseas, reflecting confidence in the project’s potential. The funds will be used to enhance exploration efforts, including drilling activities, and support general corporate purposes. This strategic move positions Mithril to advance its high-priority drill targets and expand its exploration capabilities, potentially transforming the company’s operations and strengthening its position in the mining industry.
More about Mithril Resources Ltd
Mithril Silver and Gold Limited is a company operating in the mining industry, focusing on the exploration and development of gold and silver resources. The company is primarily engaged in advancing its Copalquin district project in Durango State, Mexico, which is part of the prolific Sierra Madre Trend known for high-grade gold-silver systems.
Average Trading Volume: 385,141
Technical Sentiment Signal: Sell
Current Market Cap: A$64.23M
For an in-depth examination of MTH stock, go to TipRanks’ Overview page.