NetworkNewsBreaks – Eloro Resources Ltd. (TSX: E
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Posted On: 03/28/2023 4:35:13 PM
NetworkNewsBreaks – Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) Positioned to Capitalize on Forthcoming Resources Discoveries
Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, recently commenced trading on the Toronto Stock Exchange (“TSX”). “The upgrade [from the TSX Venture Exchange] in its stock listing marks the latest feat for Eloro Resources, with the company having announced earlier in January that it had concluded its fully underwritten primary share placement, raising total gross proceeds of C$10,919,570. At the time, the company revealed that the net proceeds derived from the offering would be destined toward exploration and development purposes at the company’s ongoing mining project in Bolivia as well as for general working capital purposes. Since commencing its inaugural drill program at the Iska Iska site in September 2020, Eloro Resources has completed a cumulative 84,495 meters of drilling across 122 holes at Iska Iska, with the company anticipating the publication of the initial estimates by the end of March 2023,” a recent article reads. “Following the company’s uplisting to the Toronto Stock Exchange main board, successful capital exercise, and benefiting from exponential demand growth for both silver and tin as a result of the ongoing global transition toward renewable energy sources, Eloro Resources looks well placed to capitalize on any forthcoming resources discoveries in the coming months.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, recently commenced trading on the Toronto Stock Exchange (“TSX”). “The upgrade [from the TSX Venture Exchange] in its stock listing marks the latest feat for Eloro Resources, with the company having announced earlier in January that it had concluded its fully underwritten primary share placement, raising total gross proceeds of C$10,919,570. At the time, the company revealed that the net proceeds derived from the offering would be destined toward exploration and development purposes at the company’s ongoing mining project in Bolivia as well as for general working capital purposes. Since commencing its inaugural drill program at the Iska Iska site in September 2020, Eloro Resources has completed a cumulative 84,495 meters of drilling across 122 holes at Iska Iska, with the company anticipating the publication of the initial estimates by the end of March 2023,” a recent article reads. “Following the company’s uplisting to the Toronto Stock Exchange main board, successful capital exercise, and benefiting from exponential demand growth for both silver and tin as a result of the ongoing global transition toward renewable energy sources, Eloro Resources looks well placed to capitalize on any forthcoming resources discoveries in the coming months.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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