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Taranis Resources ( (TSE:TRO) ) has shared an announcement.
Taranis Resources has closed a private placement raising $237,240 through the sale of 1,318,000 units, each comprising one common share and one warrant exercisable at $0.25 until March 2029. The funds will be directed toward further exploration at its Thor property in southeastern British Columbia and for general working capital, underscoring the company’s continued reliance on capital markets to advance its projects.
The company has also expanded its land position at Thor by adding 1,024.26 hectares of new mineral tenures to the southeast of its existing holdings, bringing the total property size to 6,469.59 hectares. This enlarged footprint now covers a substantial portion of the Silver Cup Anticline towards the historic Silver Cup Mine, potentially enhancing the strategic significance and geological continuity of Taranis’s exploration portfolio in the region.
More about Taranis Resources
Taranis Resources Inc. is a mineral exploration company focused on its Thor property in southeastern British Columbia, targeting precious and base metal prospects along the Silver Cup Anticline. The company is listed on the TSX Venture Exchange and OTCQB, and currently has over 103 million shares issued and outstanding, reflecting its status as an early-stage explorer reliant on equity financing.
Average Trading Volume: 19,033
Technical Sentiment Signal: Sell
Current Market Cap: C$17.92M
For an in-depth examination of TRO stock, go to TipRanks’ Overview page.