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JKS Resources, Inc. ( (TSE:YMC) ) has issued an update.
Yukon Metals Corp. has successfully closed a private placement financing, raising approximately C$11.2 million, which includes the exercise of an agents’ option. This financing strengthens the company’s treasury to C$17 million, enabling it to advance exploration efforts on high-priority drill targets such as Star River, AZ, and Birch. The offering was co-led by Cormark Securities Inc. and Canaccord Genuity Corp., with proceeds intended for working capital and a drilling campaign. The completion of this financing is expected to enhance Yukon Metals’ operational capabilities and support its strategic focus on exploration and growth.
More about JKS Resources, Inc.
Yukon Metals is a well-financed company with a property portfolio developed over 30 years by the Berdahl family, known for their work with Snowline Gold’s primary gold assets. The company’s portfolio includes gold-silver, copper-gold, and critical metals assets. Yukon Metals is committed to sustainable growth and prosperity within Yukon’s local communities, focusing on inclusivity and shared prosperity.
YTD Price Performance: 1.96%
Average Trading Volume: 84,641
Technical Sentiment Signal: Sell
Current Market Cap: C$35.54M
See more insights into YMC stock on TipRanks’ Stock Analysis page.