Vortex Metals Inc ( (TSE:VMS) ) has provided an update.
Vortex Metals Inc. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of $1,112,735. The funds will be used for exploration activities at the Illapel Copper Project in Chile and for general working capital. The issuance included common shares and warrants, with securities subject to a hold period until June 27, 2025. This financial move supports Vortex’s strategic focus on developing its copper projects and enhancing its market position in the copper exploration industry.
More about Vortex Metals Inc
Vortex Metals Inc. is a copper-focused exploration and development company with a diversified portfolio of 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 copper-gold VMS properties in Oaxaca, Mexico. Vortex emphasizes responsible exploration, community engagement, and environmental stewardship to meet the rising global demand for copper.
Average Trading Volume: 77,485
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$5.64M
See more data about VMS stock on TipRanks’ Stock Analysis page.