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Enerev5 Metals Inc. ( (TSE:ENEV) ) has shared an update.
Enerev5 Metals Inc. has announced a non-brokered private placement of up to 40 million units at $0.01 per unit, for gross proceeds of up to $400,000, with each unit comprising one common share and a five-year warrant exercisable at $0.05. The company also plans a securities-for-debt transaction to settle up to $105,500 in liabilities through the issuance of up to 10,555,000 units, moves that collectively aim to strengthen its balance sheet and provide working capital and project funding as it advances lithium exploration and pursues additional battery metals acquisitions, subject to TSX Venture Exchange approval and customary conditions.
More about Enerev5 Metals Inc.
Enerev5 Metals Inc. is a Canadian exploration company focused on identifying and developing critical battery metals projects in stable, mining-friendly jurisdictions. Its strategy is to build a portfolio of early-stage, ethically sourced metal assets that can support the global transition to clean energy, with current efforts centered on advancing lithium exploration in northeastern Nevada and evaluating additional high-potential opportunities.
Average Trading Volume: 231,471
Technical Sentiment Signal: Sell
Current Market Cap: C$2.79M
For an in-depth examination of ENEV stock, go to TipRanks’ Overview page.