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The latest announcement is out from Green Battery Minerals Inc ( (TSE:FCI) ).
First Canadian Graphite Inc. has successfully closed a flow-through financing round, raising $300,000 through the issuance of 1,500,000 flow-through units. The proceeds will be allocated to exploration expenses for the Berkwood Graphite Project. The financing includes the issuance of warrants and a finder’s fee to Roche Securities Limited. This move is expected to bolster the company’s exploration efforts and strengthen its position in the graphite market, particularly as demand for graphite in electric vehicles is anticipated to rise.
More about Green Battery Minerals Inc
First Canadian Graphite Inc. is a company managed by a team with over 150 years of collective experience in discovering, building, and operating mines. The company owns the Berkwood Graphite Project in Northern Quebec, which is expected to benefit from the increasing demand for graphite in electric vehicles.
Average Trading Volume: 32,796
Technical Sentiment Signal: Hold
Current Market Cap: C$4.44M
Find detailed analytics on FCI stock on TipRanks’ Stock Analysis page.