Orbec Announces $1.1 Million Private Placement for Exploration

The latest announcement is out from Blue Thunder Mining ( (TSE:BLUE) ).

Mines D’Or Orbec Inc. has announced a non-brokered private placement to raise up to $1.1 million through the sale of flow-through shares and units. The proceeds will be used for resource exploration expenses on the Muus Property in Québec and for general corporate purposes. The offering is expected to close by April 25, 2025, subject to regulatory approvals. The participation of Orbec’s Chairman and CEO in the offering is considered a related party transaction but is exempt from certain regulatory requirements.

More about Blue Thunder Mining

Orbec is a gold company that owns 100% of a large and highly prospective mineral claim position near Chibougamau, Québec. The Muus Project covers approximately 25,250 hectares in the northeastern part of the Abitibi Greenstone Belt. Muus is prospective for gold mineralisation and is adjacent to and on strike with IAMGOLD’s 8.3 million oz Nelligan Gold Project. Orbec has announced that exploration of the Muus Gold Project will advance in technical collaboration with IAMGOLD, which owns approximately 8.3% of the Company.

YTD Price Performance: 25.00%

Average Trading Volume: 7,581

Technical Sentiment Signal: Sell

Current Market Cap: $2.89M

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