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Total Metals ( (TSE:TT) ) has provided an announcement.
Total Metals Corp. announced a correction to its previous news release regarding the acquisition of High Lake and West Hawk Lake from McFarlane Lake Mining. The acquisition involves a purchase price of $9.25 million, with a combination of common shares and cash considerations. This strategic acquisition aligns with Total Metals’ focus on exploration-stage properties with high-grade potential and operational synergies with its Electrolode Project. Additionally, the company completed a non-brokered private placement financing, raising $10 million to support the acquisition and further exploration activities. The financing enhances Total Metals’ financial position and supports its strategic growth initiatives in a favorable gold price environment.
More about Total Metals
Total Metals Corp. operates in the mining industry, focusing on exploration and development of mineral resources. The company is involved in acquiring and managing mining projects, with a particular emphasis on gold exploration and related activities.
Average Trading Volume: 159,627
Technical Sentiment Signal: Hold
Current Market Cap: C$29.44M
For a thorough assessment of TT stock, go to TipRanks’ Stock Analysis page.