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Kainantu Resources Ltd ( (TSE:SPMC) ) has provided an announcement.
South Pacific Metals Corp has successfully closed a C$9.2 million equity offering, led by BMO Capital Markets, to fund exploration activities and general corporate purposes. The offering, which included the issuance of 17,036,100 units, is expected to bolster the company’s exploration efforts in Papua New Guinea, enhancing its industry positioning and potential for mineral discoveries.
More about Kainantu Resources Ltd
South Pacific Metals Corp is an emerging gold-copper exploration company operating in Papua New Guinea’s proven gold and copper production corridors. The company holds a significant 3,100 km² land package with four transformative gold-copper projects near major producers like K92 Mining and Barrick/Zijin. Their projects include Anga, Osena, Kili Teke, and May River, each with potential for significant mineral discoveries.
Average Trading Volume: 120,024
Technical Sentiment Signal: Sell
Current Market Cap: C$28.52M
For detailed information about SPMC stock, go to TipRanks’ Stock Analysis page.