Lake Winn Resources Launches $650,000 Private Placement to Fund Exploration

The latest update is out from Lake Winn Resources ( (TSE:LWR) ).

Lake Winn Resources Corp. has announced a non-brokered private placement to raise up to $650,000 through the issuance of 11,818,182 units at $0.055 per unit. The funds will be used for exploration costs related to the Little Nahanni project and general working capital. This strategic move aims to enhance the company’s exploration capabilities and strengthen its position in the mineral exploration industry, focusing on lithium, cesium, and tantalum resources.

More about Lake Winn Resources

Lake Winn Resources Corp. is a mineral exploration company focused on advancing the 100% owned Little Nahanni Pegmatite project located in the Northwest Territories near the Yukon Border. The project covers 9682.5 hectares and includes a major portion of a 13 km-long, and up to 500 m wide, lithium, cesium, and tantalum pegmatite dyke swarm. The project has had historic drilling and channel sampling that confirm significant lithium, tantalum, cesium, and tin.

Average Trading Volume: 19,471

Technical Sentiment Signal: Sell

Current Market Cap: C$1.15M

Learn more about LWR stock on TipRanks’ Stock Analysis page.