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Vortex Metals Inc ( (TSE:VMS) ) just unveiled an announcement.
Vortex Metals Inc. has successfully closed an upsized non-brokered private placement, raising $700,000 through the issuance of 17,500,000 units. The funds will be allocated primarily towards mining concession and exploration fees, with a portion reserved for general working capital. The participation of certain directors in the offering was classified as a related party transaction but was exempt from formal valuation and minority shareholder approval requirements. The offering is pending final acceptance from the TSX Venture Exchange.
More about Vortex Metals Inc
Vortex Metals Inc. is a copper-gold focused exploration and development company with a diversified portfolio of exploration projects in Chile and Mexico. The company holds an option to acquire up to 80% interest in the Illapel Copper Project in Chile and owns 100% interest in two high-potential copper-gold properties in Oaxaca, Mexico. Vortex emphasizes responsible exploration, community engagement, and environmental stewardship.
Average Trading Volume: 191,265
Technical Sentiment Signal: Sell
Current Market Cap: C$3.68M
Learn more about VMS stock on TipRanks’ Stock Analysis page.