New Energy Metals (TSE:ENRG) has released an update.
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New Energy Metals Corp. has initiated a non-brokered private placement to raise $1 million from strategic investors, with the potential to increase proceeds to $1.2 million. Each unit in the offering includes common shares and warrants, with proceeds earmarked for corporate expenses and working capital. The offering is contingent upon approval from the TSX Venture Exchange.
For further insights into TSE:ENRG stock, check out TipRanks’ Stock Analysis page.