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Slam Exploration ( (TSE:SXL) ) has provided an update.
SLAM Exploration Ltd. has announced an increase in its non-brokered private placement financing due to investor demand, aiming to raise up to $350,000. The proceeds will be used for exploration and advancement of projects in New Brunswick, with a focus on Canadian Exploration Expenses. This move is expected to bolster SLAM’s exploration activities and strengthen its position in the resource industry.
More about Slam Exploration
SLAM Exploration Ltd. is a public resource company with a 40,000-hectare portfolio of mineral claim holdings in New Brunswick. The company is engaged in exploration activities on projects like Jake Lee, Roger Lake, and Love Lake, with recent gold discoveries and significant copper, nickel, and cobalt intercepts. SLAM operates as a project generator and receives cash and share payments from agreements on its projects.
Average Trading Volume: 247,047
Technical Sentiment Signal: Buy
Current Market Cap: C$3.77M
For an in-depth examination of SXL stock, go to TipRanks’ Stock Analysis page.