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An update from Clear Sky Lithium Corp ( (TSE:POWR) ) is now available.
POWR Lithium Corp. has announced its intention to complete a non-brokered private placement of up to 28,000,000 units at $0.05 per unit, aiming to raise up to $1,400,000. The proceeds will be used for exploration, marketing, investor relations, and general working capital. The private placement is expected to close around August 28, 2025, subject to necessary approvals, and includes a statutory hold period for issued securities.
Spark’s Take on TSE:POWR Stock
According to Spark, TipRanks’ AI Analyst, TSE:POWR is a Underperform.
Clear Sky Lithium Corp’s stock score is significantly impacted by its severe financial instability, characterized by a lack of revenue, negative equity, and persistent cash flow issues. While technical indicators suggest some short-term bullish potential, the company’s valuation remains unattractive due to ongoing losses. The recent private placement provides limited relief, highlighting the need for substantial improvement in financial performance.
To see Spark’s full report on TSE:POWR stock, click here.
More about Clear Sky Lithium Corp
POWR Lithium Corp. is a mineral exploration and development company focused on advancing North American lithium and uranium deposits to support domestic energy generation and storage. The company holds interests in the Eli property in Nevada and the Laroque Lake Project in Saskatchewan, and is also working on developing claystone extraction and processing technologies for scalable efficiencies across the value chain.
Average Trading Volume: 61,171
Technical Sentiment Signal: Hold
For detailed information about POWR stock, go to TipRanks’ Stock Analysis page.