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Nexcel Metals Corp ( (TSE:NEXX) ) just unveiled an announcement.
Nexcel Metals Corp. has successfully closed an oversubscribed private placement, raising $3.55 million through the issuance of flow-through and non-flow-through units. The proceeds will be used for exploration expenses on its properties and general corporate purposes. This capital infusion is expected to bolster Nexcel’s operational capabilities and enhance its exploration activities, potentially strengthening its position in the mining industry.
More about Nexcel Metals Corp
Nexcel Metals Corp. is a junior mining company engaged in the acquisition, exploration, and development of mineral properties, with a current focus on the Lac Ducharme Property in Québec and the Burnt Hill Property in New Brunswick.
Average Trading Volume: 22,415
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$8.16M
Find detailed analytics on NEXX stock on TipRanks’ Stock Analysis page.