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Mountain Boy Minerals ( (TSE:MTB) ) has shared an announcement.
MTB Metals Corp. has successfully closed a non-brokered private placement, raising $280,000 through the issuance of flow-through units. The funds will be directed towards advancing the company’s Telegraph and Southmore projects. The participation of company insiders in the offering was deemed a related party transaction but was exempt from certain regulatory requirements. This financial move is expected to bolster MTB’s exploration activities and strengthen its position in the competitive mining sector.
More about Mountain Boy Minerals
MTB Metals is focused on advancing copper-gold projects in the Golden Triangle of northern British Columbia. The company controls significant property in the area, including the Telegraph and Southmore projects, and holds royalties on several other projects. MTB is strategically positioned near major mining operations and aims to capitalize on the region’s mineral potential.
Average Trading Volume: 257,858
Technical Sentiment Signal: Hold
Current Market Cap: C$3.87M
For detailed information about MTB stock, go to TipRanks’ Stock Analysis page.