Abitibi Metals ( (TSE:AMQ) ) has provided an announcement.
Abitibi Metals Corp. has successfully closed its bought deal public offering, raising approximately $9.73 million through the issuance of common and flow-through shares. The proceeds will be used to advance the B26 Polymetallic Deposit and for general corporate purposes, strengthening the company’s financial position and supporting its exploration and development activities.
More about Abitibi Metals
Abitibi Metals Corp. is a Quebec-focused mineral acquisition and exploration company dedicated to developing quality base and precious metal properties with high expansion potential. The company’s strategic portfolio includes the B26 Polymetallic Deposit and the Beschefer Gold Project, both offering significant resource estimates and historical drilling results.
YTD Price Performance: -20.95%
Average Trading Volume: 45,432
Technical Sentiment Signal: Strong Buy
Current Market Cap: $19.62M
For a thorough assessment of AMQ stock, go to TipRanks’ Stock Analysis page.