Canuc Resources raises CAD 5.99 million to advance East Sudbury project
Bitget2026/10/14 14:01- Canuc Resources closed a CAD 5.99 million private placement on October 14, 2026, to advance its wholly owned East Sudbury Project.
- Engineering studies will support permitting for bulk-sample gold mining near the historical Scadding Gold Mine, targeting production to reduce reliance on equity financing.
- Drilling preparations target iron oxide copper-gold prospects identified through recently completed seismic and gravity surveys across East Sudbury.
- Proceeds will also support exploration studies at the wholly owned San Javier Silver-Gold Project.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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