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An update from Kainantu Resources Ltd ( (TSE:SPMC) ) is now available.
South Pacific Metals Corp. has successfully closed a non-brokered private placement, raising C$6.3 million to enhance its exploration efforts in Papua New Guinea. The company has also appointed Jonathan Rubenstein to its Board of Directors, bringing significant expertise in governance and strategic transactions, which is expected to bolster the company’s growth and exploration initiatives in the region.
More about Kainantu Resources Ltd
South Pacific Metals Corp. operates in the mining industry with a focus on exploring and developing gold and copper projects in Papua New Guinea, a renowned region for such mineral discoveries.
YTD Price Performance: 12.89%
Average Trading Volume: 36,524
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$19.67M
See more insights into SPMC stock on TipRanks’ Stock Analysis page.
