Nine Mile Metals Ltd. (TSE:NINE) has released an update.
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Nine Mile Metals Ltd. has launched a new financing initiative, proposing a private placement of flow-through and non-flow-through units to raise up to $600,000 for exploration and general corporate purposes. The flow-through units, aimed at financing the company’s mineral exploration in New Brunswick, offer added tax benefits to investors. The raised funds will support Nine Mile Metals’ focus on exploring for critical minerals vital for the burgeoning EV and green technology sectors.
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