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ZincX Resources Corp ( (TSE:ZNX) ) has shared an update.
ZincX Resources Corp has entered into a $500,000 non-recourse convertible loan agreement with a major shareholder, which includes favorable terms such as a 5% interest rate and conversion options. The funds are intended to support the ongoing development of the Akie and Kechika Regional projects and for working capital, pending TSX Venture Exchange approval.
More about ZincX Resources Corp
ZincX Resources Corp is a company operating in the mining industry, focusing primarily on zinc, lead, and silver products. The company is invested in projects such as the Akie and Kechika Regional projects in British Columbia, known for their significant SEDEX zinc-lead-silver deposits.
YTD Price Performance: 28.21%
Average Trading Volume: 46,214
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$18.79M
Learn more about ZNX stock on TipRanks’ Stock Analysis page.