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Xcite Resources, Inc. ( (TSE:XRI) ) has issued an update.
Xcite Resources Inc. announced the closing of the second tranche of its non-brokered private placement, raising $1,030,200 to fund exploration and development activities in the Athabasca Basin. This financing supports the company’s strategic focus on high-grade uranium discoveries, potentially strengthening 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 theses in historically dormant uranium camps.
Average Trading Volume: 28,995
Technical Sentiment Signal: Sell
Current Market Cap: C$2.63M
Learn more about XRI stock on TipRanks’ Stock Analysis page.