Quebec Rare Earth’s Strategic Share Placement

Metallica Metals Corp. (TSE:QREE) has released an update.

Quebec Rare Earth Elements Corp., previously known as Metallica Metals Corp., has announced a non-brokered private placement targeting the raise of up to $1,002,000 through the sale of common and flow-through shares, with a significant subscription from insiders. The proceeds will fund Canadian exploration expenses and general corporate activities. This move highlights the company’s efforts to capitalize on government tax credits for critical mineral exploration.

For further insights into TSE:QREE stock, check out TipRanks’ Stock Analysis page.