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The latest update is out from Stearman Resources, Inc. ( (TSE:STMN) ).
Stearman Resources Inc. has announced a non-brokered private placement to raise up to $1.5 million through the issuance of 10 million common shares and an additional $4 million through 16 million flow-through common shares. The proceeds from the flow-through shares will be used for Canadian exploration expenses related to the company’s projects in Canada. This strategic move aims to bolster Stearman’s financial resources for its ongoing exploration activities, potentially enhancing its position in the mineral exploration industry.
More about Stearman Resources, Inc.
Stearman Resources Inc. is a mineral exploration company focused on acquiring, exploring, and developing mineral properties in Canada and the USA. The company holds a 100% interest in the NeoCore Uranium Property and the Zoo Bay Uranium Property, as well as an option for up to a 70% interest in the Murphy Lake Uranium Property, all located in the Athabasca Basin in northern Saskatchewan.
Average Trading Volume: 111,924
Technical Sentiment Signal: Buy
For detailed information about STMN stock, go to TipRanks’ Stock Analysis page.