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Pacific Ridge Exploration ( (TSE:PEX) ) has provided an update.
Pacific Ridge Exploration Ltd. has successfully closed the first tranche of its non-brokered private placement, raising $333,740.11 through the issuance of units and critical mineral flow-through units. The funds will be directed towards a follow-up drill program at the company’s RDP copper-gold project and general working capital. The completion of this financing tranche supports Pacific Ridge’s ongoing exploration efforts and strengthens its position in the copper-gold exploration industry.
More about Pacific Ridge Exploration
Pacific Ridge Exploration Ltd. is a leading copper exploration company based in British Columbia, Canada. The company focuses on copper-gold projects, with its flagship asset being the Kliyul copper-gold project located in the Quesnel terrane. Pacific Ridge’s portfolio also includes the RDP, Chuchi, Onjo, and Redton copper-gold projects, all situated in British Columbia.
YTD Price Performance: -36.00%
Average Trading Volume: 40,896
Technical Sentiment Signal: Buy
Current Market Cap: C$2.78M
For detailed information about PEX stock, go to TipRanks’ Stock Analysis page.