KWG Resources ( (TSE:CACR) ) has shared an update.
KWG Resources Inc. announced a proposed private placement of up to 4,032,258 units at $1.24 per unit, aiming to raise $5 million. The funds will support the company’s exploration and development activities in chromite and other minerals, as well as cover operating expenses. This move is expected to bolster KWG’s capacity to advance its projects and strengthen its position in the mineral exploration industry.
More about KWG Resources
KWG Resources Inc., operating as The Canadian Chrome Company, is an exploration stage company focused on acquiring, exploring, and developing large-scale mineral deposits, particularly chromite, base metals, and strategic minerals. The company owns significant interests in various projects, including the Black Horse chromite project and the Big Daddy chromite project, and is involved in developing transportation and electrification links to access remote mineral-rich areas.
YTD Price Performance: 150.0%
Average Trading Volume: 500,423
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$25.59M
Find detailed analytics on CACR stock on TipRanks’ Stock Analysis page.