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Total Metals ( (TSE:TT) ) has issued an update.
Total Metals Corp. has successfully closed the first tranche of its non-brokered private placement financing, raising C$5.2 million through the issuance of Critical Minerals Flow-Through Units and National Flow-Through Units. The proceeds will be used to fund eligible mining expenditures and advance the company’s Electrolode, High Lake, and West Hawk Lake projects. This financing move is expected to bolster Total Metals’ exploration activities and strengthen its position within the mining sector, pending final approval from the TSX Venture Exchange.
More about Total Metals
Total Metals Corp. is engaged in mineral exploration, focusing on its wholly owned Electrolode project, which spans 3,000 hectares and is strategically positioned near major mines in the Red Lake Gold camp. The company also owns the High Lake and West Hawk Lake projects, with significant exploration potential, located along the Trans-Canada Highway at the Manitoba/Ontario border.
YTD Price Performance: 256.67%
Average Trading Volume: 113,782
Technical Sentiment Signal: Buy
Current Market Cap: C$26.47M
Learn more about TT stock on TipRanks’ Stock Analysis page.