Lithium Ionic Corp (TSE:LTH) has released an update.
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Lithium Ionic Corp. has launched a $15 million private placement at $0.90 per unit with strategic shareholders, aimed at advancing its position as a forthcoming lithium producer in Brazil. The placement includes common shares and half-warrant per unit, with the funds intended for exploration and development of Brazilian properties. CEO Blake Hylands expressed gratitude for shareholder support and the move is expected to expedite the company’s production plans, pending necessary approvals.
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