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QC Copper and Gold ( (TSE:XXIX) ) has issued an update.
XXIX Metal Corp. has successfully closed a $6.0 million private placement offering, issuing Ontario and Québec charity flow-through units. The proceeds will be used for Canadian exploration expenses related to the company’s mineral properties in Ontario and Québec, with the aim of advancing their copper projects. This financing, which involved participation from company insiders, underscores XXIX’s commitment to its exploration initiatives and strengthens its position in the Canadian mining industry.
More about QC Copper and Gold
XXIX Metal Corp. is focused on advancing its Opemiska and Thierry Copper projects, which are significant Canadian copper assets. The Opemiska Project is noted for being one of Canada’s highest-grade open-pitable copper deposits, located in Quebec’s Chapais-Chibougamau region, with strong infrastructure and proximity to the Horne Smelter.
Average Trading Volume: 318,131
Technical Sentiment Signal: Sell
Current Market Cap: C$20.75M
See more insights into XXIX stock on TipRanks’ Stock Analysis page.