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Sorrento Resources Ltd. ( (TSE:SRS) ) just unveiled an update.
Sorrento Resources Ltd. has announced a non-brokered private placement to raise up to $375,000 through the sale of 5,000,000 units, each priced at $0.075. The funds will be used for exploration activities at the Lord Baron and Harmsworth projects, repayment of outstanding loans, and general working capital, potentially impacting the company’s operational capacity and market positioning.
More about Sorrento Resources Ltd.
Sorrento Resources Ltd. is involved in the acquisition, exploration, and development of mineral property assets in Canada, focusing on precious and base metal properties. The company is actively engaged in projects such as Wing Pond, Lord Baron, PEG lithium, and Harmsworth (VMS) in Newfoundland.
YTD Price Performance: -17.39%
Average Trading Volume: 8,866
Technical Sentiment Signal: Buy
Current Market Cap: C$2.43M
For an in-depth examination of SRS stock, go to TipRanks’ Stock Analysis page.