American Critical Minerals Upsizes and Closes $2.5M Private Placement
APCOF is trading near its 52-week low of $0.128 (12% above the low).
Summary
American Critical Minerals closed an upsized non-brokered private placement, issuing 12.675 million units at $0.20 for gross proceeds of $2.535 million. Each unit includes a warrant exercisable at $0.35 until September 2029. Proceeds fund drilling at the Green River Project and working capital. Chairman Simon Clarke resigned effective immediately but remains an advisor. The financing strengthens the treasury ahead of completing the AP-S-2 Duma Point well, with drilling expected to finish later in September.
At the time of this announcement, APCOF was trading at $0.14 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $13M. The 52-week trading range was $0.13 to $0.39. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.