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Onyx Gold Corp. ( (TSE:ONYX) ) just unveiled an announcement.
Onyx Gold Corp. has announced an increase in its non-brokered private placement, raising the total proceeds to $26.4 million, which enhances its financial flexibility for exploration programs. This funding, involving strategic investors, strengthens Onyx’s position in the junior mining sector and supports ongoing exploration efforts in its Timmins portfolio, promising steady momentum and potential meaningful results.
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 boasts a portfolio of quality gold projects including the Munro-Croesus Gold property, known for high-grade mineralization, and other significant properties like Golden Mile and Timmins South. Additionally, Onyx holds properties in the Selwyn Basin area of Yukon Territory, which is gaining importance due to recent discoveries.
Average Trading Volume: 137,646
Technical Sentiment Signal: Buy
Current Market Cap: C$112.1M
For detailed information about ONYX stock, go to TipRanks’ Stock Analysis page.