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Red Canyon Resources Announces $2 Million Private Placement for Exploration

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An announcement from Red Canyon Resources Ltd. ( (TSE:REDC) ) is now available.

Red Canyon Resources Ltd. has announced a non-brokered private placement to raise up to $2 million through the sale of 12.5 million units at $0.16 per unit. The funds will be used for exploration activities in British Columbia and the western United States, as well as for general working capital. The Kendal and Scraper Springs projects are key focuses, with plans to expand drilling and geophysics to identify higher-grade mineral zones.

More about Red Canyon Resources Ltd.

Red Canyon Resources Ltd. operates in the mining industry, focusing on exploration and development of mineral projects. The company is primarily engaged in copper and molybdenum exploration, with projects located in British Columbia, Canada, and Nevada, USA.

Average Trading Volume: 34,057

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$5.12M

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

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