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Hertz Lithium, Inc. ( (TSE:HZ) ) has shared an announcement.
Hertz Energy Inc. has closed the first tranche of its non-brokered LIFE and flow-through private placement, raising $1 million through the issuance of 2.33 million units and flow-through units priced at $0.40 and $0.50 respectively. The company has also obtained an extension to complete a final tranche of the offering by May 11, 2026, while paying standard cash and warrant-based commissions to finders.
Proceeds from the financing will fund exploration at its Craig Silver Project in Yukon and Tungmony Project in New Brunswick, as well as general working capital. The financing underpins Hertz’s push to advance a drill-defined silver-lead-zinc asset with significant expansion potential in a prolific Canadian mining belt, reinforcing its positioning in the critical metals and silver exploration space.
More about Hertz Lithium, Inc.
Hertz Energy Inc. is a Vancouver-based mineral exploration company focused on battery and critical metals, with projects in Canada. Its portfolio includes the Craig Silver Project in Yukon, targeting high-grade silver-lead-zinc and gold mineralization in the Rackla Belt, and the Lake George Antimony–Tungsten–Gold Project in New Brunswick, surrounding a historically significant antimony mine.
Average Trading Volume: 24,823
Technical Sentiment Signal: Buy
For an in-depth examination of HZ stock, go to TipRanks’ Overview page.