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An update from Kainantu Resources Ltd ( (TSE:SPMC) ) is now available.
South Pacific Metals Corp. has announced a marketed equity offering of up to C$8 million through a private placement. The funds will be used to expand exploration activities and for general corporate purposes. The offering, led by BMO Capital Markets, includes units consisting of common shares and warrants, with the closing expected by December 8, 2025, pending regulatory approvals. This move aims to bolster the company’s exploration efforts in Papua New Guinea and strengthen its position in the gold-copper industry.
More about Kainantu Resources Ltd
South Pacific Metals Corp is an emerging gold-copper exploration company operating in Papua New Guinea’s gold and copper production corridors. The company holds a 3,100 km² land package with four gold-copper projects near major producers like K92 Mining and Barrick/Zijin. Their projects, including Anga, Osena, Kili Teke, and May River, are strategically located for potential discoveries and expansions.
Average Trading Volume: 118,638
Technical Sentiment Signal: Hold
Current Market Cap: C$30.08M
For an in-depth examination of SPMC stock, go to TipRanks’ Overview page.