- Advance Lithium Corp. (AALI) has announced a non-brokered private placement of units for gross proceeds of up to $300,000
- The company will issue up to 15,000,000 units priced at $0.02
- Net proceeds will be used to advance the Lithium and Sarape projects
- Advance Lithium is a junior exploration company focused on acquiring and exploring properties containing precious metals, battery metals and fertilizer minerals
- Advance Lithium Corp. (AALI) is unchanged on the day, trading at C$0.02 per share at 2:45 pm ET
Advance Lithium Corp. (AALI) has announced a non-brokered private placement of units for gross proceeds of up to $300,000.
The company will issue up to 15,000,000 units priced at $0.02. Each unit will include one common share and one common share purchase warrant. Each warrant may be exercised to purchase one common share at a price of $0.05 at any time within 24 months.
Net proceeds will be used to advance the Lithium and Sarape projects and for general corporate purposes.
Advance Lithium is a junior exploration company focused on acquiring and exploring properties containing precious metals, battery metals and fertilizer minerals. The company acquired a 100-per-cent interest in the Tabasquena silver mine in Zacatecas, Mexico and the Venaditas project, also in Zacatecas state.
In March 2020, the company signed a purchase agreement to acquire 13 lithium-potassium boron prospective salars in central Mexico, which also includes rights to a patent pending proprietary lithium and potassium extraction method.
In July 2022, the company acquired a 100-per-cent interest in the Sarape epithermal gold project in Mexico. Orogen Royalties Inc. retains a 1.5 per cent royalty on the project.
Advance Lithium Corp. (AALI) is unchanged on the day, trading at C$0.02 per share at 2:45 pm ET.
