NGEx Minerals (TSX:NGEX) Is Up 8.0% After Upsized C$175 Million Placement for Lunahuasi Expansion—Has The Bull Case Changed?
NGEx Minerals Ltd. recently announced an upsized non-brokered private placement to raise C$175 million by issuing 7,000,000 common shares at C$25.00 each, with significant participation from the Lundin Family Trusts, to fund exploration at its Lunahuasi copper-gold-silver project in Argentina. This funding supports a 25,000-meter drill program aiming to expand multiple high-grade zones and further define the scale and complexity of the Lunahuasi deposit, reflecting strong sector...
NGEx Minerals Ltd. recently announced an upsized non-brokered private placement to raise C$175 million by issuing 7,000,000 common shares at C$25.00 each, with significant participation from the Lundin Family Trusts, to fund exploration at its Lunahuasi copper-gold-silver project in Argentina. This funding supports a 25,000-meter drill program aiming to expand multiple high-grade zones and further define the scale and complexity of the Lunahuasi deposit, reflecting strong sector...