Rogue Resources (RRS.V) has raised an additional C$335,500 by issuing 3.36M non-flow through units in a second tranche of its previously announced private placement. Rogue has now raised a total f C$1.16M instead of the C$1M it was aiming for.
The funds will be used to advance the Silicon Ridge project by de-risking it with additional metallurgical test work and a resource estimate being planned. The next few months will be very busy at Rogue as the company will release the final met report in April, a resource estimate in June followed by a PEA in September. Meanwhile, the company will already start to secure offtake agreements for the Silica.
Long story short, the next two quarters will be action-packed and a positive PEA might boost the company’s market cap from the current C$6M to a much higher valuation.
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The author has no position in Rogue Resources at this time. Please read the disclaimer
