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Xcite Resources, Inc. ( (TSE:XRI) ) has shared an update.
Xcite Resources Inc. has announced a private placement financing to raise up to $4,000,000 through a LIFE Offering and a Flow-Through Shares Offering. The funds will be used for general corporate purposes and to incur eligible Canadian exploration expenses related to its uranium projects. This strategic move is expected to strengthen Xcite’s financial position and support its exploration activities, potentially enhancing its market presence in the uranium sector.
More about Xcite Resources, Inc.
Xcite Resources Inc. is a company operating in the mining industry, focusing on the exploration and development of uranium resources. Its primary market focus is on the Uranium City project portfolio located in Saskatchewan, Canada.
Average Trading Volume: 35,494
Technical Sentiment Signal: Sell
Current Market Cap: C$2.44M
See more data about XRI stock on TipRanks’ Stock Analysis page.