01:55 PM EDT, 07/22/2025 (MT Newswires) -- Cantex Mine Development Corp ( CTXDF ) shares are edging higher Tuesday following the company's decision to upsize its previously announced private placement to $5 million "due to added interest". Crescat Capital has increased its participation in the placement to $800,000.

On July 11, 2025, Cantex had announced that it would undertake a non-brokered private placement to raise gross proceeds of up to C$3 million for drilling commencing this summer on its 100% owned North Rackla project.

At last look Cantex was up $0.005 to $0.175. The company's valuation has picked up some momentum this year, having bounced from around $0.12 since the start of the new year.