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Ridgeline Minerals ( (TSE:RDG) ) has issued an update.
Ridgeline Minerals announced the successful closing of a $4.1 million private placement, issuing over 27 million units at $0.15 each. The funds will be used to finance exploration activities in Nevada and for general working capital. The private placement included insider participation under related party transaction exemptions, reflecting confidence in the company’s strategic direction. This move bolsters Ridgeline’s financial resources, potentially enhancing its exploration capabilities and positioning within the industry.
More about Ridgeline Minerals
Ridgeline Minerals is a discovery-focused precious and base metal explorer with a proven management team and a 200 km² exploration portfolio across seven projects in Nevada, USA. The company operates a hybrid exploration model with 100%-owned exploration assets and multiple earn-in agreements with partners like Nevada Gold Mines and South32.
YTD Price Performance: 12.00%
Average Trading Volume: 64,027
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $12.28M
Find detailed analytics on RDG stock on TipRanks’ Stock Analysis page.