PJX Resources Secures $1.6 Million for Exploration in British Columbia

PJX Resources ( (TSE:PJX) ) has issued an announcement.

PJX Resources Inc. has announced a non-brokered private placement to raise $1.6 million, with the funds aimed at advancing exploration activities on its properties in Cranbrook, British Columbia. This financing will support the company’s drilling efforts to test Sedimentary Exhalative (Sedex) horizons, which have the potential to host deposits similar to the historic Sullivan mine. The exploration is expected to enhance PJX’s prospects of discovering significant mineral resources, leveraging the existing infrastructure in the region.

More about PJX Resources

PJX Resources Inc. operates in the mining industry, focusing on the exploration and development of mineral properties. The company primarily targets zinc, lead, silver, copper, gold, and other critical metals, with a significant presence in the Sullivan Mining District in British Columbia, Canada.

Average Trading Volume: 41,753

Technical Sentiment Signal: Buy

Current Market Cap: C$25.82M

For detailed information about PJX stock, go to TipRanks’ Stock Analysis page.