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An announcement from Northwest Copper ( (TSE:NWST) ) is now available.
NorthWest Copper has announced a non-brokered private placement to raise up to $2.5 million through the issuance of flow-through units, which will fund exploration activities at its Kwanika property. The financing will support a planned drill program in 2025 aimed at confirming and expanding higher-grade zones, testing new targets, and completing metallurgical test work to improve gold recoveries. This initiative is expected to enhance the company’s understanding of the Kwanika site and contribute to an updated Preliminary Economic Assessment in 2026.
More about Northwest Copper
NorthWest Copper is a copper-gold exploration and development company with a range of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat, and East Niv. The company is strategically positioned to benefit from a strengthening global copper market and is committed to responsible mineral exploration, working collaboratively with First Nations to incorporate stewardship best practices and traditional land use.
Average Trading Volume: 54,435
Technical Sentiment Signal: Hold
Current Market Cap: C$46.08M
Learn more about NWST stock on TipRanks’ Stock Analysis page.