Protium Clean Energy Plans $1.05 Million Private Placement for Hydrogen and Mineral Exploration

Weekapaug Lithium Limited ( (TSE:GRUV) ) just unveiled an update.

Protium Clean Energy Corp. has launched a private placement offering of up to 10,000,000 units at $0.105 per unit, aiming to raise as much as $1.05 million. Each unit will consist of one common share and one-half share purchase warrant, with full warrants exercisable at $0.14 for two years, and all securities subject to a four-month hold. The company may pay finders’ fees in cash or warrants pursuant to Canadian Securities Exchange policies. Proceeds are earmarked for hydrogen and mineral exploration programs and general working capital, with the financing’s completion contingent on corporate and regulatory approvals, including from the Canadian Securities Exchange, underscoring the firm’s ongoing efforts to fund its clean energy and exploration initiatives.

More about Weekapaug Lithium Limited

Protium Clean Energy Corp., listed on the Canadian Securities Exchange under the symbol GRUV, operates in the clean energy and resource exploration sector, focusing on hydrogen and mineral exploration activities. The company is engaged in advancing projects that support the energy transition while maintaining sufficient working capital to fund its ongoing operations.

Average Trading Volume: 56,883

Technical Sentiment Signal: Hold

Current Market Cap: C$1.45M

See more data about GRUV stock on TipRanks’ Stock Analysis page.