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Group Ten Metals ( (TSE:PGE) ) has issued an announcement.
Stillwater Critical Minerals Corp. announced the successful closing of its non-brokered private placement of flow-through units, securing gross proceeds of $375,010. This funding will be directed towards eligible exploration expenses at the Kluane Critical Minerals Project in Yukon, Canada. The placement involved issuing 2,500,066 units priced at $0.15 each, with directors and officers participating in acquiring 201,000 units, marking it as a related party transaction. The project, located in the Kluane Ultramafic Belt, is on trend with significant mineralization, offering potential for high returns in the PGE-Ni-Cu sector. The private placement is subject to a four-month hold period and awaits final approval from the TSX-V.
More about Group Ten Metals
Stillwater Critical Minerals Corp. operates in the mining industry, focusing on the exploration and development of critical mineral projects. The company is primarily involved in the extraction of platinum group elements (PGE), nickel (Ni), and copper (Cu) deposits. Its significant projects include the Kluane Critical Minerals Project in Yukon, Canada, which holds the largest land position in the Kluane Ultramafic Belt, known for its multiple PGE-Ni-Cu deposits.
Average Trading Volume: 96,696
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$27.25M
For detailed information about PGE stock, go to TipRanks’ Stock Analysis page.
