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The latest announcement is out from Xcite Resources, Inc. ( (TSE:XRI) ).
Xcite Resources Inc. has announced a private placement to raise up to $4 million through a combination of a LIFE Offering and a Flow-Through Shares Offering. The funds will support general corporate purposes and exploration expenses for their Uranium City project. Canaccord Genuity Corp. will act as the lead agent for the offerings, which include a commission and broker warrants as compensation. This strategic move is expected to bolster Xcite’s financial resources and enhance its exploration capabilities, potentially strengthening its position in the uranium mining sector.
More about Xcite Resources, Inc.
Xcite Resources Inc. operates in the mining industry, focusing on the exploration and development of uranium resources. The company is primarily engaged in projects located in Saskatchewan, Canada, with a market focus on critical mineral mining.
Average Trading Volume: 35,494
Technical Sentiment Signal: Sell
Current Market Cap: C$2.44M
For a thorough assessment of XRI stock, go to TipRanks’ Stock Analysis page.