Abacus Mining Announces $350,000 Private Placement for Exploration

Abacus Mining & Exploration ( (TSE:AME) ) has shared an update.

Abacus Mining & Exploration Corporation has announced a non-brokered private placement to raise up to $350,000 through the issuance of 17,500,000 units at $0.02 per unit. The funds will support exploration and general working capital, with the offering subject to TSX Venture Exchange approval. This financing move comes as Abacus continues to focus on its copper and gold projects, including the recently acquired Willow property and its interest in the Ajax project, which is undergoing efforts for potential resubmission of its environmental application.

More about Abacus Mining & Exploration

Abacus Mining & Exploration Corporation is a mineral exploration and mine development company focused on copper and gold projects in British Columbia and Nevada. The company’s primary asset is a 20% ownership interest in the Ajax copper-gold mine project in B.C., alongside KGHM Polska Miedź S.A., which is currently navigating environmental assessment challenges. Abacus also holds a 100% interest in the Willow copper-gold property and controls the Nev-Lorraine claims in Nevada.

Average Trading Volume: 70,097

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$2.98M

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