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Slam Exploration ( (TSE:SXL) ) has issued an announcement.
SLAM Exploration Ltd. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of $211,000, contributing to an aggregate of $900,000 from the offering. The funds will be used for Canadian Exploration Expenses on the company’s New Brunswick properties and general corporate purposes. The offering included the issuance of 527,500 units at $0.40 per unit, with each unit comprising flow-through and non-flow-through shares and warrants. The proceeds will support ongoing exploration and corporate activities, potentially enhancing SLAM’s market position in mineral exploration.
More about Slam Exploration
SLAM Exploration Ltd. is a publicly listed resource company with a 40,000-hectare portfolio of mineral claim holdings in New Brunswick. The company is actively engaged in diamond drilling on the Goodwin copper-nickel-cobalt project in the Bathurst Mining Camp, following significant mineral intercepts reported in 2024.
Average Trading Volume: 115,213
Technical Sentiment Signal: Buy
Current Market Cap: C$10.82M
See more data about SXL stock on TipRanks’ Stock Analysis page.