Nine Mile Metals Ltd (TSE:NINE) has released an update.
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Nine Mile Metals Ltd has successfully raised $160,000 through a private placement, issuing 4,571,429 flow-through units priced at $0.035 each. Proceeds will be used for exploration projects at their Wedge and California Lake properties, taking advantage of flow-through mining expenditure benefits. This strategic move aligns with their focus on critical minerals essential for green technologies.
For further insights into TSE:NINE stock, check out TipRanks’ Stock Analysis page.