Arras Minerals Announces $15 Million Bought Deal Financing (opens original article in a new tab)

Arras Minerals has secured $15 million in financing through a bought deal with underwriters, with additional options for more funds, to support its mining projects in Kazakhstan and corporate needs.

• Arras Minerals announced a $15 million bought deal financing with Haywood Securities Inc. and a syndicate of underwriters.
• The company plans to use the proceeds for exploration and development in Kazakhstan and for working capital.
• The offering includes an additional option for underwriters to purchase more shares, totaling up to $2.25 million.