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The latest announcement is out from Hilo Mining Ltd ( (TSE:FIN) ).
Grit Metals Corp. has engaged Toronto-based Independent Trading Group Inc. as a market maker, subject to TSX Venture Exchange approval, to trade its shares across Canadian and other venues with the aim of maintaining an orderly market and improving liquidity. Under the agreement, ITG will be paid C$5,500 per month, with no equity-based compensation or performance conditions, and the arrangement renews month-to-month, signaling Grit’s effort to enhance trading depth and visibility for its stock as it advances its lithium-focused exploration strategy in proximity to Finland’s large-scale Keliber lithium complex.
More about Hilo Mining Ltd
Grit Metals Corp. is a junior mineral exploration company focused on lithium-cesium-tantalum pegmatites in central Finland. Its exploration licences lie within about one kilometre of Sibanye-Stillwater’s Keliber mine and production complex, a major hard-rock lithium project that includes open-pit and underground operations, a central spodumene concentrator and a lithium hydroxide plant, positioning Grit within an emerging European lithium supply chain.
Average Trading Volume: 64,701
Technical Sentiment Signal: Buy
Current Market Cap: C$12.15M
Learn more about FIN stock on TipRanks’ Stock Analysis page.