Nine Mile Metals Ltd (TSE:NINE) has released an update.
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Nine Mile Metals Ltd. has announced a private placement aimed at raising up to $250,000 by selling units at $0.04 each, which includes a common share and a half warrant, to fund operating expenses and general working capital. The warrants allow the purchase of additional shares at $0.08 within 24 months, with a hold period for securities issued. The company is engaged in mineral exploration and is positioning itself in the growing market for EV and green technologies.
For further insights into TSE:NINE stock, check out TipRanks’ Stock Analysis page.
