Protium Clean Energy Raises $1.08 Million in Oversubscribed Private Placement

The latest announcement is out from Weekapaug Lithium Limited ( (TSE:GRUV) ).

Protium Clean Energy Corp. has closed an oversubscribed private placement, raising $1,079,400 through the issuance of 10,280,000 units at $0.105 each, exceeding its initial 10,000,000-unit target. Each unit includes one common share and half a warrant exercisable at $0.14 for two years, with all securities subject to a four-month-and-one-day hold and finder’s fees of up to 10% in cash and warrants where applicable.

The company plans to deploy the proceeds toward hydrogen and mineral exploration programs and general working capital, underscoring its ongoing investment in clean energy and resource projects. The financing, which remains subject to Canadian Securities Exchange approval, strengthens Protium’s capital position and may enhance its capacity to advance exploration activities in a competitive clean technology and critical minerals landscape.

More about Weekapaug Lithium Limited

Protium Clean Energy Corp. is a Toronto-based company focused on hydrogen and mineral exploration, positioning itself within the clean energy and resource development sectors. Listed on the Canadian Securities Exchange under the symbol GRUV, the company targets projects that support the transition to low-carbon energy and related critical minerals demand.

Average Trading Volume: 63,443

Technical Sentiment Signal: Sell

Current Market Cap: C$2.62M

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