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Slam Exploration ( (TSE:SXL) ) has issued an announcement.
SLAM Exploration Ltd. has successfully raised $689,000 through the first tranche of a non-brokered private placement, issuing 1,722,500 units at $0.40 per unit. The proceeds from this offering will be used for Canadian Exploration Expenses on their New Brunswick properties and for general corporate purposes. The transaction included insider participation and is subject to TSXV and regulatory approvals, with securities issued under a statutory hold period until January 19, 2026.
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: 130,857
Technical Sentiment Signal: Buy
Current Market Cap: C$8.29M
Find detailed analytics on SXL stock on TipRanks’ Stock Analysis page.