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Advance Metals Secures $1.52 Million for Drilling Projects in Australia and Mexico

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Advance Metals Secures $1.52 Million for Drilling Projects in Australia and Mexico

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Pacific American Holdings Ltd. ( (AU:AVM) ) just unveiled an announcement.

Advance Metals Limited has successfully raised $1.52 million to fund the drilling operations at its Myrtleford Project in Victoria, Australia, and the Yoquivo Silver Project in Mexico. The capital raising was strongly supported by institutional and sophisticated investors and will enable the company to commence high-impact diamond drilling aimed at unlocking near-term value potential in its gold and silver projects.

More about Pacific American Holdings Ltd.

YTD Price Performance: 52.94%

Average Trading Volume: 1,578,417

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$8.76M

See more insights into AVM stock on TipRanks’ Stock Analysis page.

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