Zeus North America Mining Upsizes Private Placement to Fund U.S. Exploration

Umdoni Exploration, Inc. ( (TSE:ZEUS) ) just unveiled an update.

Zeus North America Mining Corp. has increased the size of its previously announced non-brokered private placement, now aiming to raise up to $2.5 million through the issuance of up to 25 million units at $0.10 each, with each unit comprising one common share and one-half of a warrant exercisable at $0.15 for two years. The financing, which remains subject to Canadian Securities Exchange approval and will be subject to a statutory hold period, is intended to fund exploration on the company’s copper and silver projects in Idaho and Nevada, including the Cuddy Mountain Project, and support general working capital needs, underscoring its push to advance key assets near a significant regional copper discovery.

More about Umdoni Exploration, Inc.

Zeus North America Mining Corp. is a mineral exploration company focused on copper and silver projects in the U.S., particularly in Idaho and Nevada. Its key assets include the Cuddy Mountain, Selway and Great Western properties in Idaho, which together cover about 4,200 acres, with flagship Cuddy Mountain located adjacent to Hercules Metal Corp.’s Leviathan copper porphyry discovery.

Average Trading Volume: 63,301

Technical Sentiment Signal: Sell

Current Market Cap: C$8.43M

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