TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Stearman Resources, Inc. ( (TSE:STMN) ) has provided an update.
Stearman Resources Inc. has announced an upsizing of its previously announced non-brokered private placements due to strong demand, along with revised terms. The company will offer up to 13,333,333 common shares at $0.15 per share and up to 17,500,000 flow-through common shares at $0.20 per share, potentially raising up to $5.5 million. The proceeds will be used for general working capital and to fund eligible Canadian exploration expenses related to its projects in Canada. This move reflects Stearman’s strategic efforts to enhance its financial position and support its exploration activities, potentially strengthening its market 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 owns a 100% interest in the NeoCore Uranium Property and the Zoo Bay Uranium Property, and holds 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: 141,633
Technical Sentiment Signal: Buy
See more data about STMN stock on TipRanks’ Stock Analysis page.