Pacific Wildcat Resources Corp. announced that it will raise CAD 1.5 million (USD 1.5 million) to fund exploration at the Mrima Hill niobium and rare earth project in Kenya. Part of the funding will be used for general working capital purposes as well.

The company will raise the amount through a non-brokered private placement of common shares and warrants. The company comments that the funded activities at the Mrima Hill Project will include additional resource definition and advancing metallurgical work.