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An announcement from Xcite Resources, Inc. ( (TSE:XRI) ) is now available.
Xcite Resources Inc. has announced concurrent non-brokered private placements to raise additional funds alongside its existing brokered offerings. These offerings aim to generate up to $7.4 million in gross proceeds, which will support general corporate purposes and fund eligible Canadian exploration expenses related to its Uranium City project. This strategic move is expected to enhance Xcite’s financial position and support its exploration activities, potentially strengthening its market presence in the critical mineral mining sector.
More about Xcite Resources, Inc.
Xcite Resources Inc. is a company operating in the natural resources sector, focusing on exploration and development projects. The company is involved in the mining industry, with a particular emphasis on critical mineral mining, as evidenced by its Uranium City project portfolio in Saskatchewan, Canada.
Average Trading Volume: 28,708
Technical Sentiment Signal: Sell
Current Market Cap: C$2.54M
For an in-depth examination of XRI stock, go to TipRanks’ Overview page.