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Xcite Resources, Inc. ( (TSE:XRI) ) just unveiled an update.
Xcite Resources Inc. has successfully closed its non-brokered private placement, raising a total of $6.85 million, which will be used for exploration and development activities in the Athabasca Basin. The company also welcomes Audley Capital as a significant strategic shareholder, which is expected to bolster Xcite’s industry positioning and enhance its operational capabilities.
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, with a particular focus on high-grade uranium discoveries in a historically significant mining region.
Average Trading Volume: 81,193
Technical Sentiment Signal: Sell
Current Market Cap: C$2.46M
See more insights into XRI stock on TipRanks’ Stock Analysis page.