ZEUS Announces $1M PP to Accelerate Copper Explorationd Yesterday, Zeus North America Mining Corp. (Ticker: ZEUS.c or ZUUZF for U.S. investors) announced a significant step forward in its mineral exploration efforts with a fully subscribed non-brokered private placement.
With this, the company is set to raise $1,000,000 through the sale of 4,000,000 units, priced at $0.25 per unit (the same as the current price on the open market), each comprising one common share and one full share purchase warrant.
These warrants allow holders to acquire an additional common share at $0.35 per share, valid for two years following the close of the placement.
The funds from this private placement are earmarked for further exploration of Zeus’ copper projects in Idaho, with a particular focus on its flagship Cuddy Mountain Property.
This property is strategically positioned adjacent to Hercules Metal Corp.’s Leviathan Copper Porphyry discovery, a significant find that has garnered attention within the mining industry for its substantial copper potential.
The raised capital will be instrumental in advancing Zeus’ exploration programs, which include conducting detailed geological mapping, rock grab sampling, soil sampling, and high-resolution ground magnetic surveys.
hese initiatives are aimed at identifying prime drilling targets within the Cuddy Mountain Property. The exploration strategy also involves a 3D-DCIP Induced Polarization (IP) and Resistivity Survey to further delineate mineralization zones.
The private placement is a critical move for Zeus as it positions the company to capitalize on the growing interest in Idaho’s mineral-rich regions.
The success of neighboring projects, like that of Hercules Metal Corp., underscores the potential of Zeus’ properties..
Zeus North America Mining Corp.’s commitment to advancing its Idaho properties reflects its strategic focus on becoming a significant player in the North American mining sector.
Full press release: https://www.zeusminingcorp.com/_resources/news/nr_20240730.pdf
Posted on behalf of Zeus North America Mining Corp.