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An update from Sorrento Resources Ltd. ( (TSE:SRS) ) is now available.
Sorrento Resources Ltd. 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, loan repayment, and general working capital, potentially impacting the company’s operational capacity and market positioning.
More about Sorrento Resources Ltd.
Sorrento Resources Ltd. is engaged in the acquisition, exploration, and development of mineral property assets in Canada. The company focuses on locating and developing economic precious and base metal properties, including the Wing Pond, Lord Baron, PEG lithium, and Harmsworth projects in Newfoundland.
YTD Price Performance: 8.33%
Average Trading Volume: 7,962
Technical Sentiment Signal: Buy
Current Market Cap: C$3.32M
See more insights into SRS stock on TipRanks’ Stock Analysis page.