Inomin Mines Inc (TSE:MINE) has released an update.
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Inomin Mines Inc. has successfully completed the final tranche of its non-brokered private placement, raising $27,000 through the issuance of units. The company plans to allocate the proceeds for general working capital and to further develop its Beaver-Lynx property, which shows promise as a future source of high-grade magnesium and other critical minerals. Discussions with potential investors and the US Department of Defense are ongoing, highlighting the project’s potential strategic importance.
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