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The latest announcement is out from Voleo Trading Systems Inc ( (TSE:INTR) ).
Intrepid Metals has closed a non-brokered private placement with Teck Resources, raising C$3.96 million through the issuance of 8.8 million shares at C$0.45 each, giving Teck a 9.9% strategic equity stake in the company. The funds will finance a 24‑month exploration and development program at the Corral Copper Project in Arizona, including IP surveys, mapping, geochemical sampling, metallurgical and permitting work, and follow-up drilling to expand known zones and test new targets, with further fieldwork planned for late 2026. Alongside the financing, Intrepid granted Teck investor rights including participation in future financings to potentially increase its stake to 15%, representation and a tie‑breaking vote on a four-person technical committee for Corral, project information rights, and a time-limited right of first refusal on any sale of Intrepid’s interest in Corral, underscoring Teck’s strategic involvement in shaping the project’s technical direction and potential future transactions.
More about Voleo Trading Systems Inc
Intrepid Metals Corp. is a Canadian exploration company focused on high-grade essential metals, including copper, silver and zinc, with a portfolio of mineral projects located in established mining jurisdictions in southeastern Arizona, USA. Its flagship Corral Copper Property in Cochise County leverages extensive historical drilling data and modern exploration techniques to advance the project toward development studies in a region with a long mining history and significant past copper production nearby.
Average Trading Volume: 191,451
Technical Sentiment Signal: Buy
Current Market Cap: C$38.06M
Learn more about INTR stock on TipRanks’ Stock Analysis page.