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Onyx Gold Corp. ( (TSE:ONYX) ) just unveiled an update.
Onyx Gold Corp. has successfully closed a non-brokered private placement, raising $6.4 million through strategic investors, bringing their total funds raised to $26.4 million. The funds will be used for qualifying exploration expenses in Ontario, enhancing the company’s exploration capabilities and potentially strengthening its position in the Canadian mining sector.
More about Onyx Gold Corp.
Onyx Gold is an exploration company focused on Canadian mining jurisdictions, with assets in Timmins, Ontario, and Yukon Territory. The company holds a portfolio of gold projects, including the Munro-Croesus Gold property known for high-grade mineralization, and other exploration properties like Golden Mile and Timmins South. Onyx Gold also controls properties in the Selwyn Basin area of Yukon Territory, a region gaining attention due to recent discoveries.
Average Trading Volume: 134,670
Technical Sentiment Signal: Buy
Current Market Cap: C$105.9M
For a thorough assessment of ONYX stock, go to TipRanks’ Stock Analysis page.