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An announcement from Tactical Resources Corp. ( (TSE:RARE) ) is now available.
Tactical Resources Corp. plans to raise up to C$2 million through a non-brokered private placement of up to 317,460 common shares at C$6.30 per share, with flexibility to adjust the size of the offering subject to TSX Venture Exchange policies. The proceeds are earmarked for working capital and general corporate purposes, with potential finders’ fees payable in cash or securities, no minimum subscription requirement, and the issuance of shares subject to a four-month hold period and customary regulatory approvals, underscoring the company’s effort to bolster its balance sheet as it advances its rare earth exploration and processing initiatives.
More about Tactical Resources Corp.
Tactical Resources Corp. is a mineral exploration and development company focused on U.S.-made rare earth elements used in semiconductors, electric vehicles, advanced robotics and national defense, and is also working on innovative metallurgical processing techniques to enhance rare earth development potential.
Average Trading Volume: 2,439
Technical Sentiment Signal: Buy
Current Market Cap: C$50.41M
For detailed information about RARE stock, go to TipRanks’ Stock Analysis page.