North Peak Resources Launches Private Placement to Fund Exploration

North Peak Resources ( (TSE:NPR) ) has issued an announcement.

North Peak Resources announced a non-brokered private placement to raise up to C$6,900,000 through the issuance of equity units. Each unit includes one common share and a half warrant, with the proceeds intended for exploring and developing mining assets and covering general expenses. This move is subject to TSX Venture Exchange approval and reflects the company’s strategy to bolster its financial resources for ongoing and future projects.

More about North Peak Resources

North Peak Resources is a Canadian-based gold exploration and development company listed on the TSX Venture Exchange under the symbol NPR. The company focuses on acquiring historic sites with low-cost producing gold and other metal properties, aiming for near-term production potential and an 8+ year mine life in the northern hemisphere. It has acquired an initial 80% interest in the Prospect Mountain Mine complex in Eureka, Nevada.

YTD Price Performance: -0.47%

Average Trading Volume: 4,563

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $13.58M

For an in-depth examination of NPR stock, go to TipRanks’ Stock Analysis page.