American Salars Lithium Raises $175,000 in Private Placement to Fund Exploration

Blanton Resources Corp. ( (TSE:USLI) ) has issued an update.

American Salars Lithium Inc. has closed a non-brokered private placement, raising gross proceeds of CAD $175,000 through the issuance of 1,666,666 units priced at $0.105, with each unit comprising one common share and a warrant exercisable at $0.14 for 24 months. The funds will be directed toward advancing the company’s exploration programs and general working capital, with all securities subject to a four-month-plus-one-day hold period, underscoring ongoing efforts to strengthen its position in the battery metals sector and support future project development.

More about Blanton Resources Corp.

American Salars Lithium Inc. is a mineral exploration company focused on discovering and developing high-value battery metals projects, particularly lithium, to support the growing electric vehicle market. The company targets assets positioned to benefit from rising demand for battery-grade materials as electrification accelerates globally.

Average Trading Volume: 22,254

Technical Sentiment Signal: Hold

Current Market Cap: C$678.6K

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