PPX Mining Corp. Announces C$765,000 Private Placement

PPX Mining ( (TSE:PPX) ) has shared an update.

PPX Mining Corp. has announced a non-brokered private placement to raise up to C$765,000 through the sale of 17,000,000 units, each consisting of one common share and one warrant. The proceeds will be used for exploration at Mina Callanquitas and working capital, with the offering expected to close by April 30, 2025, subject to regulatory approvals.

More about PPX Mining

PPX Mining Corp. is a Canadian-based mining company with assets in northern Peru. The company’s flagship gold and silver project, Igor, is located in the prolific Northern Peru gold belt in eastern La Libertad Department.

YTD Price Performance: 50.0%

Average Trading Volume: 113,601

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$30.86M

Learn more about PPX stock on TipRanks’ Stock Analysis page.