Tsodilo Resources Ltd. reports developments in mineral exploration projects in Botswana, including its Gcwihaba Resources project area and the Xaudum Iron Formation project. The company describes itself as an international mineral resource exploration company with a 100% stake in a Gcwihaba project area made up of five metal prospecting licenses for base, precious, platinum group and rare earth metals in Botswana's North-West district.
Recurring updates cover critical minerals and rare earth element work at Gcwihaba, including skarn-hosted mineralization, geophysical and drilling results, mineralogy and geochemistry studies, and research collaborations with universities and applied-science organizations. News also includes non-brokered private placements, stock option grants, and funding uses tied to exploration programs and working capital.
Tsodilo Resources announced a non-brokered private placement of 1,042,500 units at CDN $0.30 per unit, raising gross proceeds of CDN $312,750 for the Xaudum Iron Formation project in Botswana and general corporate purposes. Each unit includes one common share and one purchase warrant, with a hold period of four months. The closing is subject to TSX Venture Exchange approval.
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