Fireweed Metals announced today a non-brokered private placement of $27 million investment by the Lundin Family in Fireweed.
Fireweed Metals (CVE:FWZ) is advancing its 100%-owned, district-scale, 940-square-km Macmillan Pass project in Yukon, Canada, which is host to the Tom and Jason zinc-lead-silver deposits. Fireweed recently added two new projects, Mactung tungsten project straddling the Yukon and Northwest Territories border, and the company's recently staked Gayna River zinc-lead-gallium-germanium project in the Northwest Territories.
After the investment the Lundins’ become Fireweed’s largest shareholder.
Brandon Macdonald, CEO, stated “It is a testament to the quality of Fireweed’s projects and the efforts of our team that we are able to attract backers like the Lundin family. No strangers to projects with district potential, the Lundins saw the value in Fireweed’s portfolio, particularly our flagship Macmillan Pass project, and have now given us one of our strongest endorsements to date. Together with additional backing from our largest shareholders this Offering gives Fireweed the ability to deliver a 2023 program unconstrained from capital requirements. I am excited for the year ahead.”
