Zinc8 Energy Solutions First Quarter 2021 Financial Results
ACCESSWIRE
VANCOUVER, BC / ACCESSWIRE /
Zinc8 or the
Company ) (TSXV:ZAIR)(OTC PINK:MGXRF)(FSE:0E9) today filed its financial results for the first quarter ending March 31, 2021. For further information on these results, please see Zinc8 Energy Solutions Inc. Condensed Consolidated Financial Statements and Management Discussion and Analysis as filed on SEDAR.
First Quarter Highlights Include:
Ended the quarter ending March 31, 2021 with a working capital balance of over $15.5 million.
In February, closed a private placement offering of 28,750,000 common shares at a price of $0.54 per share for gross proceeds of $15,525,000.
Subsequent to March 31, 2021:
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Silvercorp Metals Inc (TSE:SVM) (NYSEAMERICAN:SVM) revealed a batch of new drill results from its 2021 exploration program at the TLP mine in the Ying Mining District of China. Drilling intersected 1.74 metres (m) of 3,911 grams per tonne (g/t) silver (Ag), 6.22% lead (Pb), 2.11% zinc (Zn) and 0.55% copper (Cu), according to a release. Those figures are true width, Silvercorp noted. Vancouver-based Silvercorp has sunk a total of 196 diamond drill holes, including 161 underground and 35 surface, at the TLP mine – 108 of which have intercepted mineralization.