Eastport Raises $2 Million to Accelerate Botswana Critical Metals Exploration

Penbar Capital Ltd. ( (TSE:EVI) ) has provided an update.

Eastport Critical Metals Corp. has closed a non-brokered private placement raising $2 million through the issuance of 2.5 million units priced at $0.80, each comprising one common share and a three-year warrant exercisable at $1.00, with the financing subject to final TSX Venture Exchange approval. The company plans to deploy the proceeds into accelerated exploration and development at its copper, uranium and rare earths projects in Botswana and for working capital, while highlighting lead participation from Commodity Capital AG as a strategic endorsement that extends its funding runway and supports more ambitious multi-asset drill programs.

Management characterizes the investment from Commodity Capital AG, a prominent natural resource fund manager, as a transformative milestone that validates Eastport’s Botswana-focused strategy and strengthens its ability to “develop and distribute” critical metals. By bolstering liquidity without paying finders’ fees and deepening ties with a specialist institutional investor, Eastport aims to enhance its competitive position in the global critical metals sector, potentially increasing future project optionality and value creation for shareholders as exploration updates are delivered.

More about Penbar Capital Ltd.

Eastport Critical Metals Corp. is a Vancouver-based critical minerals development company focused on five projects in Botswana, with cumulative historical and current expenditures nearing $20 million. Its flagship Matsitama Copper Project anchors a portfolio that also targets nickel, cobalt, rare earth elements, uranium and platinum group elements in one of Africa’s most established and investment-attractive mining jurisdictions.

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