Northern Shield Resources ( (TSE:NRN) ) has shared an update.
Northern Shield Resources Inc. has announced a non-brokered private placement financing to raise $600,000, primarily for a 3,000m diamond drill program and exploration at the Root & Cellar Property. The offering involves 15,000,000 units, each consisting of one common share and one purchase warrant, with proceeds also supporting general working capital. The initiative underscores the company’s commitment to advancing its exploration projects and enhancing its market position in the mining industry.
More about Northern Shield Resources
Northern Shield Resources Inc. is a Canadian-based company recognized for its expertise in generating high-quality exploration targets. The company focuses on greenfield exploration to discover Tier 1 assets near the surface at a relatively low cost. Northern Shield employs a model-driven exploration approach to mitigate risks associated with early-stage projects, benefiting shareholders and the environment. This strategy has led to the advancement of the Root & Cellar Property, a significant gold-silver-tellurium and copper porphyry system.
YTD Price Performance: -12.50%
Average Trading Volume: 29,779
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$3.2M
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