MINING MARKETS & INVESTMENT NEWS — Allican funds project

Montreal-based Allican Resources (ALI-M) has raised $1.2 million for studies related to a ferrochrome production project in Thetford Mines, Que.

The funds were raised from various sources. The company raised $660,000 through two separate private placements, $30,000 from Hydro Quebec and $475,000 from the Quebec government.

The money will be used to prepare a feasibility study, including metallurgical tests and diamond drilling.

Print

Be the first to comment on "MINING MARKETS & INVESTMENT NEWS — Allican funds project"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close