Join our daily newsletter At The Bell to receive exclusive market insights
- Mithril Resources (MTH) begins the week in a trading halt pending an upcoming capital raising announcement
- The company will remain in the halt until April 13 or when an announcement regarding the raise is released to the market, whichever occurs first
- Mithril last month reported intersecting high-grade gold and silver mineralisation from drilling at its Copalquin gold-silver project in Mexico
- Peak grades from the drilling were 7.99 g/t gold and 526 g/t silver
- MTH shares last traded at 1.2 cents on April 8
Mithril Resources (MTH) has begun the week in a trading halt as it prepares for an upcoming capital raising.
The company said its stock would remain in the halt until April 13 or when an announcement regarding the planned raising is released to the market, whichever occurs first.
Mithril was yet to disclose how it intended using the new funds.
On March 17, Mithril announced it intersected high-grade gold and silver mineralisation at its Copalquin gold-silver project in Mexico.
Assay results came from the first round of drilling completed at the La Soledad and Los Pinos prospects.
The company said the work identified more than over seven kilometres of veins.
Peak grades from the drilling were 7.99 grams per tonne gold and 526 g/t silver in the same drill hole.
Mithril last tapped investors for equity funding in September 2021 when it raised $3.3 million for its El Refugio target in Mexico.
MTH shares last traded at 1.2 cents on April 8.
