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Bolt Metals Corp. Completes Debt Settlement to Preserve Cash Reserves

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Bolt Metals Corp. Completes Debt Settlement to Preserve Cash Reserves

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The latest announcement is out from Bolt Metals ( (TSE:BOLT) ).

Bolt Metals Corp. announced the completion of debt settlements with two creditors, amounting to CAD $163,898.02, by issuing 3,277,960 units at a price of CAD $0.05 per unit. This decision aims to preserve the company’s cash for working capital, which is seen as beneficial for its future operations and positioning in the mineral exploration industry.

More about Bolt Metals

Bolt Metals Corp. is a North American mineral acquisition and exploration company focused on developing high-upside precious and base metal properties. Based in Vancouver, BC, it owns strategic properties like the Soap Gulch copper SEDEX project in Montana and the Switchback copper-silver project in British Columbia.

YTD Price Performance: -48.57%

Average Trading Volume: 21,964

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.34M

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

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