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Vortex Metals Inc ( (TSE:VMS) ) just unveiled an update.
Vortex Metals Inc. announced the closure of a second tranche of its non-brokered private placement due to interest from a strategic investor, aiming to raise $105,000 through the issuance of 2,625,000 units. The proceeds will be allocated to mining concession fees, exploration fees, and general working capital. The completion of this tranche is subject to regulatory approvals, and the securities will have a hold period of four months and one day.
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 volcanogenic massive sulfide properties, Riqueza Marina and Zaachila, in Oaxaca, Mexico. Vortex emphasizes responsible exploration, community engagement, and environmental stewardship to meet the rising global demand for copper.
Average Trading Volume: 192,177
Technical Sentiment Signal: Sell
Current Market Cap: C$4.14M
Find detailed analytics on VMS stock on TipRanks’ Stock Analysis page.