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The latest update is out from Sendero Resources Corp. ( (TSE:SEND) ).
Sendero Resources Corp. has announced a $4 million brokered financing agreement with Stifel Nicolaus Canada Inc. to fund exploration at its Peñas Negras project and cover general administrative expenses. The offering, expected to close by December 3, 2025, will issue 4,220,000 common shares at C$0.95 each, with an option for additional shares, subject to regulatory approvals. This financing aims to bolster Sendero’s exploration efforts and strengthen its position in the copper-gold exploration industry.
More about Sendero Resources Corp.
Sendero Resources Corp. is a company focused on copper-gold exploration at its 100% owned Peñas Negras Project located in the Vicuña Belt in Argentina. The project area is known for its geological similarities to other significant deposits in the region, with multiple porphyry and high-sulfidation epithermal targets identified. The company holds an option to earn a 100% interest in additional mining concessions, expanding its total project area to 211.77 km2.
Average Trading Volume: 54,907
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$20.57M
For a thorough assessment of SEND stock, go to TipRanks’ Stock Analysis page.