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Hilo Mining Ltd ( (TSE:FIN) ) has shared an announcement.
Grit Metals Corp. has settled a $50,000 signing bonus owed to its vice president of exploration, Jake Clarke, by issuing 416,667 common shares at a deemed price of $0.12 per share, following approval from the TSX Venture Exchange. The share-based debt settlement modestly dilutes existing shareholders but improves the company’s balance sheet flexibility as it advances lithium-cesium-tantalum exploration work in Finland near the large-scale Keliber lithium development complex, positioning Grit alongside a rapidly emerging European hard-rock lithium supply chain.
More about Hilo Mining Ltd
Grit Metals Corp. is a junior exploration-stage mining company focused on lithium-cesium-tantalum pegmatite projects in central Finland. Its exploration licences lie within about one kilometre of Keliber’s developing mine and production complex, a roughly €600 million integrated hard-rock lithium supply chain investment by Sibanye-Stillwater and Finnish Minerals Group that includes open-pit and underground mining, a spodumene concentrator and a lithium hydroxide plant at tidewater in Kokkola.
Average Trading Volume: 65,425
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$9.66M
See more data about FIN stock on TipRanks’ Stock Analysis page.