Pegmatite One Plans $360,000 Private Placement for Exploration Funding

Madi Minerals Ltd. ( (TSE:PGA) ) just unveiled an update.

Pegmatite One Lithium and Gold Corp. has launched a private placement offering of up to 4,000,000 units at $0.09 per unit to raise as much as $360,000, with each unit comprising one common share and half a warrant exercisable at $0.12 for two years. The securities will be subject to a four-month hold, potential finder’s fees may be paid in line with Canadian Securities Exchange policies, and closing remains contingent on securing corporate and regulatory approvals.

Proceeds from the financing are earmarked for exploration activities and general working capital, underscoring the company’s need to fund ongoing project development in lithium and gold. If completed, the raise will modestly strengthen Pegmatite One’s balance sheet and could support its ability to advance exploration programs, though dilution and regulatory risk remain considerations for existing shareholders.

More about Madi Minerals Ltd.

Pegmatite One Lithium and Gold Corp., listed on the CSE under the ticker PGA, is a Vancouver-based exploration company focused on lithium and gold projects. The firm operates in the resource exploration segment, targeting battery metals and precious metals that support both the energy transition and traditional commodities markets.

Average Trading Volume: 13,331

Technical Sentiment Signal: Sell

Current Market Cap: C$631.2K

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