Vancouver, BC TheNewswire – June 13, 2024 Global Stocks News On June 11, 2024 Prismo Metals (CSE: PRIZ) (OTCQB: PMOMF) updated the market with three significant announcements.
### Private Placement Commitments
1. The company has received commitments for a $1.1 million private placement of units at a price of $0.17 per unit.
### Hot Breccia Copper Project Update
2. At its Hot Breccia Copper Project located in Arizona, a drilling permit is expected this month. The upcoming exploration program will focus on diamond drilling five holes with an expected depth of 1,000 meters each.
#### Insight: Arizona as a Major Copper Producer
Arizona, USA is a major copper producer and ranks seventh in the world. Its copper belt has attracted big mining companies to the region.
### Palos Verdes Silver Project Plan
3. At its Palos Verdes Silver Project in Mexico, there is a plan for a two-phase, 10-hole 3,600-meter drill program.
#### Insight: Renewed Interest in Silver
With the growing demand for renewable energy and electric vehicles, the silver market is also experiencing renewed interest. Prismo’s exploration in the Palos Verdes Silver Project aligns with this trend.
### Additional Insights on Projects
Prismo Metals is strategically positioned to benefit from the global transition to green energy and the dedollarization of international currencies through its base and precious metals projects.
### Conclusion
The outlook for copper remains positive, driven by the global industrial shift towards renewable energy and electric vehicles. Prismo Metals’ projects in Arizona and Mexico position them well to capitalize on this trend.
Disclaimer: Prismo Metals paid GSN CND $1,500 for the research, creation, and dissemination of this content.
Contact: guy.bennett@globalstocksnews.com
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