The funds will provide capital for what the company is calling the "most significant" exploration program ever initiated on its projects in northern Canada.
The iron ore market is choosing to focus on China's efforts to stimulate its property sector, rather than on rising concerns over the potential economic fallout.
Copper is down 20% so far in 2022 and a new survey of over 30 investment banks and economic researchers sees little prospect for an exit from the bear market.