Tantalex Resources (TSE:TTX) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Tantalex Lithium Resources Corp. has successfully addressed its CDN$5.5 million debt by issuing shares and warrants, which has resulted in International Cobalt Corp. becoming a significant shareholder with approximately 14.74% ownership. The debt settlement aims to conserve cash for Tantalex’s working capital needs and has slightly diluted the stake of another major shareholder, AfriMet Resources AG, without any action on their part.
For further insights into TSE:TTX stock, check out TipRanks’ Stock Analysis page.