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$DLP.V

3 stories mentioning DLP.V

Every FINWIRES story that references DLP.V, newest first.

Mining & Metals

DLP Resources Announces Closing Of Brokered Offering For Gross Proceeds Of C$6 Million

DLP Resources (DLP.V) announced Thursday the closing of its previously announced "best efforts" private placement for gross proceeds of C$6 million, which includes the exercise in full of the agent's option.The company sold 24 million units at a price of C$0.25 each.Each unit consists of one common share and one common share purchase warrant, said the company and added that each warrant entitles the holder thereof to purchase one common share at a price of C$0.35 at any time from July 21, 2026 to May 21, 2029.The company plans to use the net proceeds for the advancement of its Aurora Cu-Mo-Ag Project in southwest Peru, the exploration of its Esperanza Cu-Mo Project in southern Peru, as well as for general working capital and corporate purposes.The closing of the offering remains subject to the final approval of the TSX Venture Exchange.The company's shares were last seen down $0.005 at $0.20 on the TSX Venture Exchange.

$DLP.V
Mining & Metals

DLP Resources Down 16% After Launching $5 Million Brokered Private Placement

DLP Resources (DLP.V) shares were last seen down 16% after the company on Thursday said it will raise up to $5 million in a "best efforts" private placement of share units.The company is placing up to 20-million units priced at $0.25 apiece and made up of a share and a three-year warrant to buy a share for $0.35. It is also granted it agent a four-million unit over-allotment option.Proceeds will be used for the advancement of its Aurora Cu-Mo-Ag project in southwest Peru, the exploration of its Esperanza Cu-Mo project in southern Peru, as well as for general working capital and corporate needs.The offering is anticipated to close on May 21.Shares of the company were last seen down $0.045 at $0.235 on the TSX Venture Exchange.Price: $0.24, Change: $-0.05, Percent Change: -16.07%

$DLP.V
Mining & Metals

DLP Resources Confirms Magnetic Body at Esperanza Project in Peru

DLP Resources (DLP.V) said Friday that three-dimensional magnetic susceptibility imaging inversion on its Esperanza porphyry copper-molybdenum project in Peru delineated a strong magnetic body, providing geophysical evidence for locating concealed porphyry bodies.The company said its invention analysis delineated subsurface physical property structures down to 1,200 meters depth. The magnetic body has a volume of about 4.4 cubic kilometers, whose strike, dip, and depth perfectly align with a typical porphyry ore-forming model."The recent aeromagnetic drone survey over the Esperanza project together with the 3D inversion of the data has confirmed a coincident magnetic anomaly with our alteration mapping, spectral alteration mapping and ground geochemistry," President and Chief Executive Officer Ian Gendall said."The magnetic body, potentially related to a potassic core of a porphyry copper system is estimated to be at a depth of 200 to 700m below surface," Gendall added.DLP said it plans to conduct detailed rock chip sampling and additional extension of the magnetic survey. Permitting for a drill program in 2026 is currently underway.Price: $0.28, Change: $-0.02, Percent Change: -5.08%

$DLP.V