ZincX Resources Corp ( (TSE:ZNX) ) has provided an announcement.
ZincX Resources Corp. has successfully closed a $500,000 convertible loan agreement with a significant shareholder. The loan, which carries an interest rate of 5% per annum and is convertible into shares at $0.105 per share, will support the advancement of the Akie and Kechika Regional projects in British Columbia. This strategic financial move is a positive step for ZincX, enabling continued exploration and development activities in its promising mining projects, potentially enhancing its position in the mining sector.
More about ZincX Resources Corp
ZincX Resources Corp. operates in the mining industry, focusing on the exploration and development of zinc, lead, and silver deposits. The company is primarily engaged in advancing its projects in the Kechika Trough area in British Columbia, which is known for its prolific SEDEX zinc-lead-silver and stratiform barite deposits.
YTD Price Performance: 6.25%
Average Trading Volume: 50,588
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$15.97M
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