Domestic Metals has started a geophysical survey at its Smart Creek Project to gather detailed subsurface data. The program aims to enhance the understanding of the project’s mineral potential and guide future exploration activities.
In addition, the company has announced a non-brokered private placement to raise funds. The proceeds are expected to support ongoing exploration and operational expenses related to the Smart Creek Project.
**Why this matters**
The geophysical survey could provide critical information that improves the targeting of mineral deposits, potentially increasing the project’s value. Meanwhile, the private placement will provide necessary capital to advance exploration efforts without involving intermediaries, allowing for more direct investment in the company’s development plans.
Source: NewsData