QMC Quantum Minerals (TSE:QMC) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
QMC Quantum Minerals has successfully completed a private placement, raising $525,000 through the issuance of 3.12 million flow-through units and 4.85 million non-flow-through units. The funds will be used for Canadian exploration expenses and general working capital, focusing on the company’s Irgon Lithium Mine. The transaction involved participation from company insiders and is exempt from minority shareholder approval.
For further insights into TSE:QMC stock, check out TipRanks’ Stock Analysis page.