European Energy Metals Seeks $2M Capital Boost

Hilo Mining Ltd (TSE:FIN) has released an update.

European Energy Metals is set to increase its capital through a non-brokered private placement aiming to raise up to $2 million by selling units consisting of shares and warrants. The funds are intended for exploration of the company’s properties and general working capital, amidst Europe’s push for energy independence and environmentally friendly policies.

For further insights into TSE:FIN stock, check out TipRanks’ Stock Analysis page.