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US Critical Metals Corp. ( (TSE:USCM) ) has provided an update.
US Critical Metals Corp. has announced a 2.5:1 consolidation of its common shares, reducing the number of shares from approximately 63 million to 25 million. This move is expected to streamline the company’s share structure and is subject to approval by the Canadian Securities Exchange. Following the consolidation, the company plans to proceed with a non-brokered private placement to raise up to C$1.3 million, which will be used for exploration projects and general working capital. This strategic financial maneuver aims to strengthen the company’s position in the critical minerals market, potentially enhancing its appeal to investors and supporting its ongoing exploration endeavors.
More about US Critical Metals Corp.
US Critical Metals Corp. operates in the mining industry, focusing on the exploration and development of critical mineral projects. The company’s primary focus is on lithium, rare earth elements, cobalt, vanadium, and uranium, with projects located in North America.
YTD Price Performance: -50.0%
Average Trading Volume: 99,640
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.15M
For an in-depth examination of USCM stock, go to TipRanks’ Stock Analysis page.