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Sterling Metals Corp. (TSXV:SAG)(OTCQB:SAGGF) is a mineral exploration company focused on advancing high-grade Canadian exploration opportunities. The Company recently acquired the Copper Road Project and the Adeline Project, both showing significant potential in copper, silver, molybdenum, and gold mineralization. With a strategic regional approach and robust infrastructure, Sterling aims to drive important new discoveries in the Canadian mining sector.
Sterling Metals Corp. announced that Copper Road Resources shareholders have approved the transaction involving the acquisition of the 's mineral rights located in Ontario. The CRD Shareholders voted to approve the sale of the mineral rights and the distribution of common shares of Sterling as consideration for the transaction. The is in the process of transferring option agreements related to the Copper Road Project. The CEO of Sterling expressed gratitude for the support and highlighted the potential for copper exploration opportunities in Ontario and Labrador. The Transaction is expected to close in May 2024, pending regulatory approvals.
Sterling Metals Corp. (TSXV: SAG, OTCQB: SAGGF) has successfully completed a brokered private placement, raising approximately C$6.48 million through the issuance of various units including 6.7 million charity flow-through units, 11.9 million flow-through units, and 19.6 million hard dollar units. The offering will support the exploration and development of the Adeline Project and the Sail Pond Project, with funds allocated for exploration, working capital, and general corporate purposes. The offering was led by PI Financial Corp. and includes participation from related parties. Shareholders have increased institutional ownership, and the company is poised for future exploration activity.