Triumph Gold Corp. Closes $1.92 Million Private Placement to Advance Exploration Projects

An announcement from Triumph Gold ( (TSE:TIG) ) is now available.

Triumph Gold Corp. has successfully closed a non-brokered private placement, raising $1,920,950 through the issuance of 9,604,750 units at $0.20 per unit. The proceeds will support general working capital and the advancement of the company’s projects, including the Freegold Mountain Project in Yukon and other exploration initiatives in North America. This financing positions Triumph Gold to capitalize on the anticipated bull market in gold, silver, and copper, potentially expanding its resource base and discovering new opportunities.

More about Triumph Gold

Triumph Gold Corp. is a Canadian-based company focused on the exploration and development of precious metals, primarily through its district-scale Freegold Mountain Project in Yukon. The company aims to create value by advancing its projects and leveraging its established resource base.

Average Trading Volume: 13,158

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $6.55M

For an in-depth examination of TIG stock, go to TipRanks’ Stock Analysis page.