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Red Canyon Resources Ltd. ( (TSE:REDC) ) has issued an announcement.
Red Canyon Resources Ltd. has announced a non-brokered private placement of Charity Flow-Through Common Shares to raise up to C$2.2 million. The financing includes a lead order from a multinational mining corporation, which will acquire a 9.9% equity interest in the company. The raised funds will be used for exploration expenses on the Kendal project and other projects in British Columbia, with potential tax credits for investors. This move is expected to enhance Red Canyon’s exploration capabilities and strengthen its position in the critical minerals market.
More about Red Canyon Resources Ltd.
Red Canyon Resources Ltd. is a company involved in the exploration and development of mineral projects, with a focus on copper and other critical minerals. The company operates projects in British Columbia, including the Kendal and Inzana projects, which are focused on porphyry-related mineral systems.
Average Trading Volume: 58,617
Technical Sentiment Signal: Sell
Current Market Cap: C$6.59M
Find detailed analytics on REDC stock on TipRanks’ Stock Analysis page.