Pacific Ridge Exploration to Raise $2.4M for U.S. Copper and Gold Projects

The latest announcement is out from Pacific Ridge Exploration ( (TSE:PEX) ).

Pacific Ridge Exploration Ltd. has announced a plan to raise $2.4 million to fund exploration of its newly optioned copper and gold projects located in Wyoming, Utah, Arizona, and Nevada. This financing will be achieved through a non-brokered private placement of 15 million units, each priced at $0.16, with proceeds directed towards exploration and general working capital. The move is expected to bolster the company’s operational capabilities and expand its presence in mining-friendly regions, potentially enhancing its market position and offering opportunities for stakeholders.

More about Pacific Ridge Exploration

Pacific Ridge Exploration Ltd. operates in the mining industry, focusing on the exploration and development of copper and gold projects. The company has expanded its portfolio to include projects in both Canada and the United States, targeting areas with significant porphyry copper mines.

YTD Price Performance: -20.0%

Average Trading Volume: 36,739

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$3.48M

See more data about PEX stock on TipRanks’ Stock Analysis page.