Mithril's completion of capital raising and strategic plans

Mithril Resources Limited (ASX: $MTH) has successfully completed a capital raising of $4.03 million through a Convertible Note and Placement Offer. The funds will be utilized for recommencement of drilling at the high grade Copalquin gold/silver project in Mexico. The company also intends to seek shareholder approval for a 1 for 100 capital consolidation and is in strategic discussions with various listed precious metal producers and developers for a potential listing on a North American securities exchange in 2024.

Executive commentary on capital raising and strategic plans

The completion of the capital raising marks a significant milestone for Mithril as it enables the company to resume drilling activities at the Copalquin project, targeting high-grade intercepts and expanding the current JORC resource. The strategic discussions with listed precious metal producers and developers reflect our commitment to exploring growth opportunities and potentially listing on a North American securities exchange in 2024.

Summary of Mithril's capital raising and future outlook

Mithril Resources Limited has successfully raised $4.03 million to support the recommencement of drilling at the high grade Copalquin gold/silver project in Mexico. The company's intention to seek shareholder approval for a capital consolidation and its strategic discussions with listed precious metal producers and developers demonstrate its focus on expansion and potential listing on a North American securities exchange in 2024. The funds from the capital raising will be directed towards exploration work at the Copalquin district and for general working capital, reflecting Mithril's ambitions to further develop its multi-million-ounce gold and silver potential in the region.