The latest update is out from Astra Exploration Inc ( (TSE:ASTR) ).
Astra Exploration Inc. announced a non-brokered private placement aiming to raise up to $1,000,000 through the issuance of 5,000,000 common shares at $0.20 per share. The funds will support the company’s exploration efforts at the La Manchuria project in Argentina, including a Phase II drill program. This strategic move is expected to enhance Astra’s exploration capabilities, mitigate risks, and maintain its capital structure, potentially benefiting stakeholders by extending the company’s operational funding into 2026.
More about Astra Exploration Inc
Astra Exploration Inc. is a precious metals exploration company based in Vancouver, BC, focusing on building a portfolio of high-quality projects in key mining jurisdictions in Latin America. The company has an option to acquire a 90% interest in the La Manchuria gold-silver project in Santa Cruz, Argentina, known for its high-grade gold and silver low sulphidation epithermal deposits.
YTD Price Performance: 64.29%
Average Trading Volume: 65,349
Technical Sentiment Signal: Sell
Current Market Cap: C$17.64M
Learn more about ASTR stock on TipRanks’ Stock Analysis page.