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Hilo Mining Ltd ( (TSE:FIN) ) has shared an announcement.
Grit Metals Corp. has completed a debt settlement by issuing 625,000 common shares to settle $75,000 of outstanding debt with an arms-length creditor. This move, approved by the TSX Venture Exchange, aligns with the company’s strategic focus on its Finnish Pegmatite Project, which is positioned near significant lithium production developments in Finland. The settlement supports Grit Metals’ financial stability as it continues to explore lithium opportunities in a region undergoing substantial investment in lithium supply chain infrastructure.
More about Hilo Mining Ltd
Grit Metals Corp. is a junior mining company focused on lithium-cesium-tantalum pegmatites in central Finland. The company’s exploration licenses are located near the Keliber mine and production complex, which is part of a €600 million investment by Sibanye-Stillwater Limited and the Finnish Minerals Group to create a complete hard-rock lithium supply chain in the region.
Average Trading Volume: 19,621
Technical Sentiment Signal: Hold
Current Market Cap: C$6.62M
For detailed information about FIN stock, go to TipRanks’ Stock Analysis page.