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The latest update is out from Prudent Minerals Corp. ( (TSE:TARG) ).
Target Metals Corp. has closed a non-brokered private placement of 1,000,000 shares at $0.03 per share, raising gross proceeds of $30,000 to be used for general working capital purposes. The financing, which did not involve any finder’s fees and is subject to a statutory hold period on the issued securities until May 30, 2026, provides modest additional liquidity to support the company’s ongoing exploration activities in Canada and Colombia while maintaining a relatively low-cost capital structure.
More about Prudent Minerals Corp.
Target Metals Corp. is a Canadian publicly listed natural resource company focused on the acquisition, exploration and potential development of mineral properties, including the SAT Property in British Columbia and the ABE Gold Property in Colombia. The company, which began trading on the Canadian Securities Exchange in April 2022 under the symbol TARG, is managed by experienced resource-sector professionals with a history of advancing exploration projects from early stage through to production.
Average Trading Volume: 89,733
Technical Sentiment Signal: Buy
Current Market Cap: C$1.32M
For a thorough assessment of TARG stock, go to TipRanks’ Stock Analysis page.