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Hertz Lithium, Inc. ( (TSE:HZ) ) has issued an announcement.
Hertz Energy Inc. announced a non-brokered LIFE private placement of up to 5,000,000 units at $0.40 per unit, for gross proceeds of up to $2,000,000, with each unit comprising one common share and a half warrant exercisable at $0.60 for 24 months. Proceeds will fund exploration at its newly optioned Crag and Rod properties and the Craig Silver Project in Yukon, as well as the Tungmony project in New Brunswick, and for working capital.
The company also plans a flow-through offering of up to 6,000,000 flow-through units at $0.50 per unit to raise up to $3,000,000, each unit including a flow-through share and a half warrant on the same terms. These funds will be dedicated to qualifying Canadian exploration expenses on the Crag and Rod and Tungmony projects, with expenditures to be incurred by the end of 2027 and renounced to investors by the end of 2026, reinforcing Hertz’s push to advance high-grade silver and critical metals exploration in key Canadian belts.
More about Hertz Lithium, Inc.
Hertz Energy Inc. is a Canadian mineral exploration company focused on silver, lead, zinc, antimony, tungsten, and gold projects. Its key assets include the Craig silver-lead-zinc deposit and the Crag and Rod properties in Yukon, as well as the Lake George Antimony–Tungsten-Gold Project, known as Tungmony, in New Brunswick, positioning the company within the critical and precious metals exploration space.
Average Trading Volume: 31,692
Technical Sentiment Signal: Buy
Learn more about HZ stock on TipRanks’ Stock Analysis page.