Tantalex Settles Debt with Equity Issuance

Tantalex Resources (TSE:TTX) has released an update.

Tantalex Lithium Resources Corp. has successfully settled a significant debt with AfriMet Resources AG by issuing over 29 million common shares, enabling the company to retain cash for working capital. The transaction is considered a related party transaction as AfriMet is a major shareholder, with the shares issued being held for a four-month period. This strategic move was deemed in the best interest of Tantalex by its Board of Directors to strengthen the company’s financial position.

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