Tantalex Resources (TSE:TTX) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into TSE:TTX stock, check out TipRanks’ Stock Analysis page.