Muzhu Mining Raises $500,000 as Oversubscribed Financing Backs Everett Titanium Project

Muzhu Mining Ltd. ( (TSE:MUZU) ) just unveiled an announcement.

Muzhu Mining Ltd. has closed an oversubscribed second tranche of its non-brokered financing, raising $250,000 through the issuance of 3,125,000 flow-through units at $0.08 each, bringing total proceeds from the first and second tranches to $500,000. The offering, which may total up to $1 million combining regular units and flow-through units, will fund the initial option payment for the Everett titanium property, working capital and corporate purposes, while the flow-through proceeds are earmarked for surface exploration, metallurgical testing, verification of historical work and planned diamond drilling at Everett; the latest tranche also included the issuance of finder’s warrants, with the final tranche expected to close in January 2026 subject to regulatory approvals.

More about Muzhu Mining Ltd.

Muzhu Mining Ltd. is a Canadian publicly traded exploration company focused on advancing the Everett titanium deposit in Quebec. The company also holds a 100% interest in the Sleeping Giant South project in the Abitibi greenstone belt and is evaluating option agreements to acquire up to 80% interests in silver, zinc and lead properties, as well as an exploration agreement at the WLG mine in Henan province, China.

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Technical Sentiment Signal: Buy

Current Market Cap: C$3.76M

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