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Trench Solutions ( (TSE:PAT) ) has shared an update.
Patterson Metals Corp. has successfully closed the first tranche of its non-brokered private placement, raising $312,000 through the issuance of 1,155,556 units at $0.27 per unit. Each unit includes one common share and a warrant to purchase an additional share at $0.36 until 2028. This financing move, exempt from resale restrictions under Canadian securities laws, supports the company’s ongoing exploration and development efforts in the uranium sector, potentially enhancing its market position and shareholder value.
More about Trench Solutions
Patterson Metals Corp. is a mineral exploration company with a focus on uranium. The company aims to create shareholder value by advancing projects from discovery to production, utilizing a vertically integrated strategy to maximize value throughout the mining process.
Average Trading Volume: 12,141
Technical Sentiment Signal: Sell
Current Market Cap: C$3.82M
For an in-depth examination of PAT stock, go to TipRanks’ Stock Analysis page.