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PPX Mining ( (TSE:PPX) ) has issued an update.
PPX Mining Corp. has successfully closed an upsized non-brokered private placement, raising C$2,580,004 through the issuance of 22,434,813 units. The proceeds from this offering will be utilized to advance exploration at the Mina Callanquitas project and for general working capital purposes. This strategic financial move is expected to bolster the company’s operations and enhance its exploration activities, potentially strengthening its position in the mining industry.
More about PPX Mining
PPX Mining Corp. is a Canadian-based mining company with assets in northern Peru. The company’s flagship project, Igor, is a 100%-owned gold and silver project located in the prolific Northern Peru gold belt in eastern La Libertad Department.
Average Trading Volume: 129,472
Technical Sentiment Signal: Buy
Current Market Cap: C$120.2M
See more data about PPX stock on TipRanks’ Stock Analysis page.