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King’s Bay Gold ( (TSE:ROAR) ) has provided an update.
Lion Rock Resources Inc. has completed the final tranche of its non-brokered private placement, raising a total of $2,185,000. The proceeds are intended to fund obligations and work programs related to the Volney Lithium Project, as well as for general working capital. This move positions the company to enhance its development efforts at the strategically located project site in South Dakota, which holds significant potential for lithium and gold extraction.
More about King’s Bay Gold
Lion Rock Resources Inc. operates in the mining industry, focusing on the acquisition and development of properties for gold, copper, and lithium. The company has an option agreement to acquire the Volney Gold/Lithium Project in South Dakota, a site historically mined for high-grade lithium, tin, and gold. Additionally, Lion Rock holds prospective properties in Ontario and Quebec, aiming at strategic positioning within major mining jurisdictions.
YTD Price Performance: 50.0%
Average Trading Volume: 89,355
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$7.54M
Find detailed analytics on ROAR stock on TipRanks’ Stock Analysis page.
