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An announcement from Sun Summit Minerals Corp. ( (TSE:SMN) ) is now available.
Sun Summit Minerals Corp. has successfully closed a $10 million non-brokered private placement, significantly exceeding its initial target of $3.5 million. The funds raised will be used to support an extensive 5,000-metre drilling program at the JD property, aiming to expand known mineralization and explore new targets. This strategic move positions Sun Summit to capitalize on the accelerated corporate activity in the Toodoggone district, enhancing its exploration capabilities and potential for future growth.
More about Sun Summit Minerals Corp.
Sun Summit Minerals Corp. operates in the mining industry, focusing on exploration and development of mineral properties. The company primarily engages in the discovery and development of gold, silver, and other mineral resources, with a market focus on expanding its exploration footprint in promising regions such as the Toodoggone district in Canada.
Average Trading Volume: 271,950
Technical Sentiment Signal: Sell
Current Market Cap: C$8.11M
See more data about SMN stock on TipRanks’ Stock Analysis page.