Slam Exploration (TSE:SXL) has released an update.
SLAM Exploration Ltd. has successfully closed a non-brokered private placement, raising $490,503 by issuing over 16 million Flow Through Units at $0.03 each, including warrants. The funds will bolster exploration efforts for copper and nickel in New Brunswick, with the added benefit of a 30% Critical Mineral Exploration Tax Credit. The placement also saw the participation of two company insiders, adhering to regulatory exemptions.
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