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Tsodilo Resources ( (TSE:TSD) ) just unveiled an announcement.
Tsodilo Resources Limited has closed a non-brokered private placement, raising C$900,000 through the issuance of 4,500,000 units priced at C$0.20 per unit. Each unit consists of one common share and one warrant exercisable at USD$0.20 for five years, with a hold period extending to July 19, 2026, and an acceleration clause if the share price reaches a specified level.
The company plans to use the proceeds to advance its Critical Minerals and Rare Earth Elements project and the Xaudum Iron Formation project in Botswana, as well as for general corporate purposes and working capital. The financing strengthens Tsodilo’s ability to progress key exploration assets in strategic commodities, potentially enhancing its positioning in the critical minerals and iron ore exploration space.
More about Tsodilo Resources
Tsodilo Resources Limited is an international mineral exploration company focused on discovering economic metal deposits in Botswana. Through its wholly owned Gcwihaba Resources (Pty) Limited projects, the company holds five prospecting licenses in the North-West district targeting base metals, precious metals, platinum group metals, and rare earth elements.
Average Trading Volume: 54,223
Technical Sentiment Signal: Hold
Current Market Cap: C$12.88M
For detailed information about TSD stock, go to TipRanks’ Stock Analysis page.