Key Highlights:
- Hawthorn Resources has acquired Stampede Metals Corporation, expanding its mineral assets in Nevada.
- The Prince Silver Project is poised for drilling activities this summer.
- The company is aiming to raise C$3.5 to C$4.0 million through a private placement.
Hawthorn Resources' Strategic Acquisition
Hawthorn Resources (HAWWF) has successfully sealed a pivotal acquisition, securing all shares of Stampede Metals Corporation. This Nevada-based company, formerly under the ownership of Australia’s Stampede Metals Ltd, holds promising mineral-rich sites that could significantly bolster Hawthorn’s resource base.
Exciting Developments at the Prince Silver Project
Investors should note that the acquisition brings the Prince Silver Project to the forefront. Scheduled to commence drilling this summer, this project could offer substantial yield opportunities, enhancing Hawthorn's portfolio in the competitive mining sector. Such advancements underscore the company’s commitment to expanding its footprint in the mining industry.
Private Placement to Fuel Expansion
In a move to finance its ambitious projects, Hawthorn is conducting a private placement. The company plans to raise C$3.5 to C$4.0 million by issuing shares priced at $0.27 each. This strategic funding initiative is critical for bolstering Hawthorn’s financial position, supporting continued exploration and operational expansion.
Leadership Transition: A New Era
Hawthorn has also announced a key leadership change, with Rob Scott taking over as CFO from Stephen Sulis. This transition marks a new chapter for the company's leadership, bringing in expertise that complements Hawthorn’s growth trajectory. Investors will be keenly observing how this shift impacts the company’s strategic direction.
