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Total Metals ( (TSE:TT) ) has shared an announcement.
Total Metals Corp. has announced a non-brokered private placement to raise up to approximately C$6,000,000 by issuing 6,666,666 Units at C$0.90 per Unit. The proceeds will be used for advancing the Electrolode, High Lake, and West Hawk Lake projects, as well as for general corporate purposes. This move is expected to bolster the company’s financial position and support its strategic projects, potentially enhancing its market presence in the mineral resources sector.
More about Total Metals
Total Metals Corp. is focused on its 100% owned Electrolode project covering 3,000 contiguous hectares. The Electrolode project is targeting high-potential mineral resources in three favorable geologic trends, located near major mines in the Red Lake Gold camp and is strategically located between Kinross Gold’s Great Bear Project and First Mining Gold’s Springpole Project.
Average Trading Volume: 144,243
Technical Sentiment Signal: Buy
Current Market Cap: C$27.21M
Learn more about TT stock on TipRanks’ Stock Analysis page.