Source: Candelaria Mining Corp.
  • Candelaria Mining (CAND) will not be proceeding with its previously announced brokered private placement
  • The company is currently considering alternate forms of funding
  • Candelaria Mining Corp. is a Canadian-based gold exploration and resource development company
  • Along with restarting production at its Pinos project, Candelaria is advancing its flagship licence area, Caballo Blanco
  • Candelaria Mining Corp. (CAND) is down 3.92 per cent, trading at C$0.49 per share at 4:15 pm ET

Candelaria Mining (CAND) will not be proceeding with its previously announced brokered private placement.

The company is currently considering alternate forms of funding.

Candelaria Mining Corp. is a Canadian-based gold exploration and resource development company, soon to become a producer, with major exploration upside in a portfolio of projects in Mexico, one of the world’s best mining jurisdictions.

Along with restarting production at its Pinos project, Candelaria is advancing its flagship licence area, Caballo Blanco, through an aggressive exploration program and then technical studies with the goal of bringing a suite of high-value projects into production.

Candelaria Mining Corp. (CAND) is down 3.92 per cent, trading at C$0.49 per share at 4:15 pm ET.

More From The Market Online
Max Resource - Copper and silver mineralization at the URU district in 2022.

Micro-cap copper stock secures major earn-in partner

Micro-cap copper stock Max Resource (TSXV:MAX) signs an earn-in agreement with Freeport-McMoRan, a large publicly traded copper producer.
E3 Lithium - E3 Lithium field pilot plant on August 28, 2023.

Canadian lithium and oil companies advance collaboration agreement

E3 Lithium (TSXV:ETL) updates its agreement with Imperial Oil (TSX:IMO) to advance lithium extraction in Alberta.
Pampa Metals - Drill core from Pampa Metals' 3rd drill hole at the Piuquenes copper and gold project in Argentina.

Three small-cap stocks to supercharge your commodity exposure

Commodity investors could reap outsized returns by buying into small-cap natural gas, uranium and copper stocks worthy of strong conviction.

Sterling Metals completes Copper Road Project acquisition

Sterling Metals (TSXV:SAG) completes the acquisition of the Copper Road Project in Ontario from Copper Road Resources (TSXV:CRD).