Rackla Metals ( (TSE:RAK) ) has shared an update.
Rackla Metals Inc. has announced an increase in its non-brokered private placement to raise up to $2.99 million. The offering consists of a charity flow-through unit and a hard-dollar unit, with proceeds intended for exploration and drilling activities on the company’s Tombstone Gold Belt properties and potential acquisitions. This strategic move aims to bolster Rackla’s exploration capabilities and strengthen its position in the gold exploration industry.
More about Rackla Metals
Rackla Metals Inc. is a junior gold exploration company based in Vancouver, Canada. The company focuses on exploring Reduced Intrusion-Related Gold Systems (RIRGS) mineralization in the southeastern part of the Tombstone Gold Belt, located in eastern Yukon and western Northwest Territories. This area is considered underexplored for RIRGS deposit types, presenting potential opportunities for new discoveries.
YTD Price Performance: 100%
Average Trading Volume: 183,167
Technical Sentiment Signal: Sell
Current Market Cap: C$23.65M
For an in-depth examination of RAK stock, go to TipRanks’ Stock Analysis page.