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Prime Meridian Resources ( (TSE:BEM) ) has issued an update.
Brasnova Energy Materials Inc. has applied to the TSX Venture Exchange for conditional approval of a non-brokered private placement of up to $750,000, comprising up to 7.5 million units priced at $0.10 each, with each unit including a common share and a warrant exercisable at $0.20 for 24 months and subject to an acceleration clause if the share price trades at or above $0.50 for 10 consecutive days. The company has already closed a first tranche of $250,000 through the issuance of 2.5 million units, and plans to use the proceeds for project payments and acquisitions, exploration and development, and general working capital, a move that is expected to support its ongoing efforts to advance and expand its portfolio of Brazilian critical materials assets.
More about Prime Meridian Resources
Brasnova Energy Materials Inc. is a Vancouver-based company focused on securing, developing and monetizing Brazilian critical materials assets and related materials technologies, aiming to build shareholder value in the growing energy materials and critical minerals sector.
Average Trading Volume: 39,340
Technical Sentiment Signal: Hold
Current Market Cap: C$5.74M
For a thorough assessment of BEM stock, go to TipRanks’ Stock Analysis page.