Micromem Technologies Raises CA$148,840 in Private Placement, Extends Warrant Expiry

Micromem Technologies (MRM.CN) closed its previously announced non-brokered private placement, raising CA$148,840, the company said on Wednesday.

It placed 5.95-million units at CA$0.025 per unit, each unit being comprised of one common share and one warrant exercisable at CA$0.05 per share for a period of three years following the issuance date. Proceeds will be used for working capital.

Additionally, Micromem said it is extending the expiry date of 9.07 million warrants exercisable at CA$0.06 per share by one year from their original expiry date. They will expire on Oct. 8, 2027.

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Mining & Metals1d ago

RFA Financial Maintains Quarterly Dividend at CA$0.33 Per Share

RFA Financial (RFA.TO) declared a quarterly dividend at CA$0.33 per share for the quarter ending Sept. 30, the company said Tuesday afternoon.The dividend is payable on Oct. 15, to shareholders of record on Sept. 30.RFA Financial shares closed down CA$0.09 at CA$26.28 on the Toronto Stock Exchange.

$RFA.TO

Mining & Metals1d ago

Goldquest Mining Appoints Dennis Kwong as CFO

GoldQuest Mining (GQC.V) said Tuesday it appointed Dennis Kwong as chief financial officer, effective Sept. 15.Kwong has experience in mining finance, capital markets, mergers and acquisitions, project financing and corporate development.

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Mining & Metals1d ago

Avalon Advanced Materials' Nechalacho Project Included in Canada Investment Summit Prospectus

Avalon Advanced Materials (AVL.TO) said Tuesday its Nechalacho Rare Earths Project in the Northwest Territories was selected for inclusion in the Canada Investment Summit Prospectus.The project will also be showcased by the Government of the Northwest Territories as a strategic critical-minerals development opportunityThe company said the project has been explored in the past "including a historical 2013 Definitive Feasibility Study, extensive drilling and supporting technical studies". It is preparing a Preliminary Economic Assessment for the property.The summit's prospectus features 167 investment opportunities across Canada, including 63 projects in the minerals and metals sector.

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