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New Energy Metals ( (TSE:ENRG) ) just unveiled an announcement.
New Energy Metals Corp. has successfully closed a non-brokered private placement, raising $50,040 through the issuance of 278,000 units at $0.18 per unit. Each unit includes one common share and one transferable common share purchase warrant, allowing the purchase of an additional share at $0.25 within two years. The proceeds are intended for general working capital, with the offering subject to final approval by the TSX Venture Exchange. This move is expected to bolster New Energy’s financial position, aiding its strategic initiatives and operational capabilities in the resource sector.
More about New Energy Metals
New Energy Metals Corp. is a Canadian-based resource company listed on the TSX Venture Exchange under the symbol ‘ENRG’. The company has an option to purchase a 100% interest in the Troitsa Copper property, which covers approximately 7,000 hectares in the Omineca Mining Division of British Columbia.
Average Trading Volume: 14,245
Technical Sentiment Signal: Sell
Current Market Cap: C$1.15M
For detailed information about ENRG stock, go to TipRanks’ Stock Analysis page.