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Enerev5 Metals Inc. ( (TSE:ENEV) ) has provided an announcement.
Enerev5 Metals Inc. has increased the size of its previously announced non-brokered private placement to raise up to $445,000 through the issuance of 44.5 million units priced at $0.01, each comprising one common share and a five-year warrant exercisable at $0.05, with proceeds earmarked for general corporate purposes, working capital and project review and acquisition costs. The company is also upsizing its securities-for-debt transaction to settle up to $200,920 in liabilities through the issuance of up to 20.092 million units at the same price, subject to TSX Venture Exchange approval and customary closing conditions, a move that should strengthen its balance sheet and provide greater financial flexibility to advance its battery metals exploration strategy.
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. The company is building a portfolio of early-stage, ethically sourced assets to support the global transition to clean energy, with current efforts centered on advancing lithium exploration in northeastern Nevada and assessing additional high-potential opportunities to drive long-term growth.
YTD Price Performance: 50.0%
Average Trading Volume: 208,913
Technical Sentiment Signal: Sell
Current Market Cap: C$2.79M
For detailed information about ENEV stock, go to TipRanks’ Stock Analysis page.