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US Critical Metals Corp. ( (TSE:USCM) ) has provided an announcement.
US Critical Metals Corp. has successfully closed a non-brokered private placement, raising $510,000 through the issuance of 5,100,000 units. The funds will be used for exploration projects and general working capital. This move underscores USCM’s commitment to advancing its U.S.-based mining projects, enhancing its position in the critical metals and rare earth elements market. The participation of company insiders in the offering highlights confidence in the company’s strategic direction.
More about US Critical Metals Corp.
US Critical Metals Corp. is focused on mining projects that aim to secure the U.S. supply of critical metals and rare earth elements, essential for the new age economy. The company holds option agreements to acquire interests in four discovery-focused projects in the U.S., including the Clayton Ridge Lithium Property in Nevada and the Haynes Cobalt Property in Idaho. USCM’s strategy is to explore and develop assets with strategic value to advance U.S. interests, especially given the global supply dynamics.
YTD Price Performance: -44.00%
Average Trading Volume: 30,458
Technical Sentiment Signal: Buy
Current Market Cap: C$3.53M
Learn more about USCM stock on TipRanks’ Stock Analysis page.