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Xcite Resources, Inc. ( (TSE:XRI) ) has provided an update.
Xcite Resources Inc. has successfully closed the third tranche of its non-brokered private placement, raising gross proceeds of $3,269,480. The funds will be used for exploration and development activities in the Athabasca Basin, as well as for general corporate purposes. This financing supports Xcite’s strategic focus on high-grade uranium discovery and development, potentially enhancing its position in the energy transition metals market.
More about Xcite Resources, Inc.
Xcite Resources Inc. is a Canadian uranium exploration company focused on advancing its portfolio of assets in the Athabasca Basin. The company aims to become a leader in the discovery and development of energy transition metals, leveraging new geological modeling and exploration thesis in a historically productive uranium region.
Average Trading Volume: 58,413
Technical Sentiment Signal: Sell
Current Market Cap: C$2.34M
See more data about XRI stock on TipRanks’ Stock Analysis page.