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Meridian Mining SE ( (TSE:MNO) ) has provided an announcement.
Meridian Mining SE has successfully closed an oversubscribed non-brokered private placement, raising CAD 17.2 million through the issuance of over 44 million common shares. The funds raised will be used to advance the Cabaçal project’s pre-feasibility study, initiate feasibility studies, and support exploration activities in the Cabaçal Au-Cu-Ag VMS belt. This strategic financial movement is expected to bolster Meridian’s operational capacity and fortify its positioning in the mining industry, particularly in Brazil’s mining sector. The participation of company insiders in the placement highlights strong internal confidence in Meridian’s growth trajectory.
More about Meridian Mining SE
Meridian Mining SE is a company in the mining industry, focusing on the exploration and development of mineral resources. Its primary project is the Cabaçal Au-Cu-Ag VMS project in Brazil, which aims to become a near-term mine development. The company is dedicated to advancing its projects with a focus on copper, gold, and silver resources.
YTD Price Performance: 17.50%
Average Trading Volume: 220,894
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$143.2M
For an in-depth examination of MNO stock, go to TipRanks’ Stock Analysis page.
