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Consolidated Lithium Metals ( (TSE:CLM) ) has shared an update.
Consolidated Lithium Metals Inc. announced a private placement financing of up to $2.5 million through the issuance of 41,666,666 units at $0.06 per unit. Each unit includes one common share and one warrant, allowing the purchase of an additional share at $0.10 within 24 months. The proceeds will be used for working capital and general corporate purposes, and the offering is subject to TSX Venture Exchange approval. The participation of senior management and board members in the offering may be considered a related party transaction, with further details to be announced later.
More about Consolidated Lithium Metals
Consolidated Lithium Metals Inc. is a Canadian junior mining exploration company focused on the exploration and development of critical mineral projects in stable jurisdictions. The company is committed to supporting the energy transition through the responsible development of critical mineral supply chains.
Average Trading Volume: 1,084,323
Technical Sentiment Signal: Buy
Current Market Cap: C$19.47M
Learn more about CLM stock on TipRanks’ Stock Analysis page.