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Arras Minerals upsizes bought deal financing to C$21.7M for Kazakhstan project development

Company Fundamentals
16 Jun 2026
GlobeNewsWire
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Bullish
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Arras Minerals Corp. has increased its bought deal financing to C$21.7 million by issuing nearly 16 million common shares at C$1.36 each. The funds will support exploration and development of its copper and gold properties in Kazakhstan, including the Elemes project. The offering includes a President's List and an underwriters' option for additional shares, with closing expected around July 7, 2026, pending regulatory approval. This financing strengthens Arras's position in advancing one of Kazakhstan's largest copper-gold land packages.

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