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Hertz Lithium, Inc. ( (TSE:HZ) ) has issued an update.
Hertz Energy Inc. has closed a non-brokered private placement, issuing 4.2 million units at $0.10 per unit for gross proceeds of $420,000. Each unit consists of one common share and one warrant exercisable at $0.125 for 36 months, with the securities subject to a Canadian statutory hold period. The funds will support general and administrative expenses and further advancement of the company’s Lake George Antimony Project in New Brunswick, a land package surrounding the historic Lake George Antimony Mine, once the largest primary antimony producer in North America, underscoring Hertz’s push to advance critical mineral assets in support of growing strategic supply chains.
More about Hertz Lithium, Inc.
Hertz Energy Inc. is a British Columbia-based junior mineral exploration company focused on acquiring and exploring properties in Eastern Canada. The company holds a strategic portfolio of four district-scale critical minerals projects in Québec and New Brunswick, targeting lithium, antimony and tungsten, commodities tied to strong demand from clean energy, defense and electric-vehicle supply chains.
Average Trading Volume: 33,947
Technical Sentiment Signal: Buy
For detailed information about HZ stock, go to TipRanks’ Stock Analysis page.