Copper Fox Metals Inc. (TSX: V.CUU, Stock Forum) announced its third quarter financial results on Tuesday, saying it incurred a net loss of $1.33 million or $0.00 per share.
In a press release, the Vancouver company said it is working towards completing an environmental assessment application and feasibility study for the Shaft Creek project, one of the largest undeveloped copper, gold, molybdenum and silver deposits in North America.
After recently raising $4 million from the issuance of 3.5 million units priced at $1.15 per unit to an insider, the company said it plans to raise another $4 million from a non-brokered private placement comprised of 3.5 million units at $1.15 per unit.
Trading at $1.20 on Tuesday, Copper Fox has a market cap of $474.6 million, based on 395.5 million shares outstanding. The 52-w