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Marrakech – Morocco Strategic Minerals Corporation (MCC), a Canadian mineral exploration company, announced on Tuesday the closing of a non-brokered private placement, raising $7.5 million in gross proceeds to fund mining asset development in Morocco.
The Montreal-headquartered firm issued 50,112,900 units at $0.15 per unit. Each unit includes one common share and half of one share purchase warrant. Each full warrant allows the holder to buy one additional share at $0.25 until May 4, 2028.
The placement exceeded its original target. MCC first announced the offering on April 20 with a $5 million ceiling. A week later, the company upsized it to $7.5 million, citing strong investor demand. The final amount raised came in at $7,516,935.
MCC paid $234,312.74 in finder’s fees and issued 1,292,584 warrants to third-party intermediaries. Company insiders also took part. They purchased 1,243,332 units for a total of $186,500.
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The company classified that participation as a related party transaction under Regulation 61-101 but relied on exemptions from formal valuation and minority shareholder approval requirements.
All securities issued are subject to a hold period ending September 5, 2026. The placement still requires final approval from the TSX Venture Exchange.
MCC said net proceeds will go toward acquiring and developing mining assets in Morocco, alongside general corporate working capital.
Formerly known as Genius Metals Inc. before rebranding in January 2025, the Canadian company explores for gold, copper, zinc, lithium, and phosphate deposits. It holds option agreements to acquire 100% interests in the Timarighine, Tifernine, and BMR projects in Morocco.
The fundraise comes just weeks after MCC signed a separate option agreement on April 15 with MNF Groupe, a subsidiary of Moroccan industrial group Broychim S.A.
That deal grants MCC a district-scale exclusive option to acquire up to 80% of a portfolio of multiple copper-gold-silver assets in Morocco’s Western High Atlas. The portfolio covers five exploitation licenses, two research permits, and an environmental authorization for a flotation plant in the Ouneine Valley.
Morocco has become an increasingly attractive destination for mining exploration companies. The country holds significant reserves of phosphate, copper, cobalt, lithium, and other minerals considered critical to the global energy transition.
Its proximity to European markets, stable regulatory environment, and expanding mining infrastructure have drawn growing interest from Canadian and international junior miners.
MCC’s recent moves suggest the company is positioning itself to consolidate a broader presence across Morocco’s mineral-rich regions.
