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Torr Metals Inc ( (TSE:TMET) ) has shared an update.
Torr Metals Inc. has announced a $2 million non-brokered private placement to fund its exploration activities, including a maiden drill program at the Kolos Copper-Gold Project in British Columbia. The proceeds will also support general working capital, with the offering subject to customary conditions and TSX Venture Exchange approval. This move is expected to bolster Torr Metals’ exploration capabilities and strengthen its position in the mining industry.
More about Torr Metals Inc
Torr Metals, based in Vancouver, BC, is focused on advancing its copper-gold porphyry and orogenic gold projects, which are developed in-house at minimal cost. The company benefits from excellent infrastructure for cost-effective, year-round exploration, with projects located in southern British Columbia and northern Ontario.
YTD Price Performance: 81.25%
Average Trading Volume: 32,641
Technical Sentiment Signal: Sell
Current Market Cap: C$5.58M
For a thorough assessment of TMET stock, go to TipRanks’ Stock Analysis page.