White Cliff Minerals Secures $5M for Canadian Exploration

White Cliff Minerals Limited (AU:WCN) has released an update.

White Cliff Minerals Limited is set to enhance its exploration endeavors after securing a $5 million capital raise, heavily backed by strategic advisor John Hancock and a mix of existing and new investors. The company’s shares were placed at a 4% premium over the last closing price, reflecting a strong market demand. The funds will primarily be allocated to the promising Rae Copper Silver and the Great Bear IOCG + Silver projects in northern Canada.

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