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An update from Blanton Resources Corp. ( (TSE:USLI) ) is now available.
American Salars Lithium Inc. has arranged a non-brokered private placement to raise up to CAD $175,000 through the issuance of up to 1,666,667 units at $0.105 per unit, each consisting of one common share and one warrant exercisable at $0.14 for 24 months, with a standard four-month-and-one-day hold period. The company plans to use the proceeds to fund exploration activities and general working capital, a modest but important capital infusion that supports ongoing project advancement and positions the explorer to continue pursuing opportunities in the competitive battery metals and EV supply chain space.
More about Blanton Resources Corp.
American Salars Lithium Inc. is a mineral exploration company focused on identifying and developing high-value battery metals projects, particularly lithium, to supply the growing electric vehicle market.
Average Trading Volume: 30,281
Technical Sentiment Signal: Hold
Current Market Cap: C$709.4K
See more insights into USLI stock on TipRanks’ Stock Analysis page.