Foremost Lithium Resource & Technology Ltd (TSE:FAT) has released an update.
Foremost Lithium Resource & Technology Ltd. has successfully closed the second tranche of its private placement, raising $1.455 million through the sale of flow-through units to fund its North American lithium exploration efforts. These funds are earmarked for Canadian exploration expenses that qualify for tax credits, with the securities issued in this tranche subject to a four-month hold period. Additionally, the company has amended a secured promissory note with its largest shareholders, extending the maturity date and adjusting the interest rate.
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