Treasury Metals Expands Financing to $6.4 Million

Treasury Metals (TSE:TML) has released an update.

Treasury Metals Inc. and Blackwolf Copper and Gold Ltd. have announced an increase in their concurrent financing from $4 million to $6.4 million, with Frank Giustra committing to a $2 million lead order. The increased funds are intended to support 18 months of exploration activities, with the expectation of driving strategic growth following their combination. Proceeds from the financing will be used for eligible Canadian exploration expenses in Treasury’s Ontario mineral projects, with all offerings subject to regulatory approvals and standard closing conditions.

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