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Tactical Resources Corp. ( (TSE:RARE) ) just unveiled an announcement.
Tactical Resources Corp. has closed a non-brokered private placement, issuing 207,625 common shares at $6.30 per share for gross proceeds of approximately $1.31 million, with the securities subject to a four-month hold period and the offering still requiring final TSX Venture Exchange approval. The company plans to use the net proceeds for working capital and general corporate purposes, while paying a 10% cash finder’s fee on the financing, bolstering its balance sheet to support ongoing operations and its strategic focus on rare earth exploration and processing technology development in North American supply chains.
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 element development potential.
Average Trading Volume: 2,457
Technical Sentiment Signal: Buy
Current Market Cap: C$49.81M
Learn more about RARE stock on TipRanks’ Stock Analysis page.