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Reyna Silver ( (TSE:RSLV) ) has provided an update.
Reyna Silver Corp. has announced a CAD 3 million non-brokered private placement to issue up to 40 million units, consisting of common shares and purchase warrants. This financing will support the expansion of the company’s exploration targets, particularly at their Gryphon and Batopilas projects. With a favorable mining environment in Mexico, Reyna Silver aims to resume exploration activities at Batopilas, where high-grade silver intercepts have been previously reported.
More about Reyna Silver
Reyna Silver Corp. operates in the mining industry, focusing on the exploration and development of silver properties. The company is particularly active in Mexico, leveraging improved mining conditions to advance its exploration activities.
YTD Price Performance: -7.14%
Average Trading Volume: 150,145
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $13.92M
See more insights into RSLV stock on TipRanks’ Stock Analysis page.