Consolidated Lithium Metals ( (TSE:CLM) ) has shared an announcement.
Consolidated Lithium Metals Inc. has successfully closed the first tranche of its non-brokered private placement financing, raising $210,000 through the issuance of 21,000,000 units at $0.01 per unit. The proceeds are intended for working capital and general corporate purposes, with a portion allocated to satisfy obligations to Non-Arm’s Length Parties. The company has also received conditional approval from the TSX Venture Exchange to extend the closing of future tranches, indicating a strategic move to bolster its financial position and support its ongoing operations.
More about Consolidated Lithium Metals
Consolidated Lithium Metals Inc. is a Canadian junior mining exploration company focused on the acquisition, exploration, production, and development of mining properties. The company operates primarily in Quebec, Canada, in the spodumene-bearing pegmatites of the La Corne Batholith, near North American Lithium’s Quebec lithium mine.
Average Trading Volume: 264,991
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$3.68M
For detailed information about CLM stock, go to TipRanks’ Stock Analysis page.