Mithril Resources (ASX:MTH) intends to progress a listing on a North American securities exchange in 2024.
The company confirms it is also in strategic discussions with various TSX and TSX-V listed precious metal producers and developers as well as promotor groups and investors.
The announcements come as Mithril yesterday (5 March 2024) completed a capital raising with professional and sophisticated clients of PAC Partners Securities and Arlington Group Asset Management (the joint lead managers) for investment in the company of up to $4.03 million through a convertible note and Placement offer.
This is in addition to the $700,000 convertible notes previously issued on 2 January 2024.
With the drill rig currently on-site, the funds allow restart of drilling at the El Refugio-La Soledad target area to follow up previous ‘high-grade’ intercepts, as well as test recently mapped structures to expand the current maiden JORC resource at the district scale Copalquin project.
Mithril will seek shareholder approval for a 1 for 100 capital consolidation at the upcoming AGM to be announced by mid-March 2024.
Write to Adam Orlando at Mining.com.au
Images: Mithril
