• Enerev5 (ENEV) has announced a brokered private placement of up to C$500,000
  • It completed the first tranche for gross proceeds of $150,000
  • The company will use the proceeds for working capital and other general corporate purposes
  • Enerev5 explores and develops battery metals properties around the world
  • Enerev5 (ENEV) is unchanged trading at $0.03 per share

Enerev5 (ENEV) has announced a brokered private placement of up to C$500,000.

Each unit consists of one common share and one common share purchase warrant.

Each warrant entitles the holder to acquire one common share for $0.10 for two years from the date of issue.

Enerev5 completed the first tranche through the issue and sale of 3M units priced at $0.05 per unit for gross proceeds of $150,000.

A shareholder with greater than 10 per cent ownership in Enerev5 acquired all 3M units.

The company will use the proceeds for working capital and other general corporate purposes.

IBK Capital is serving as agent.

Enerev5 explores and develops battery metals properties around the world.

Enerev5 (ENEV) is unchanged trading at $0.03 per share as of 9:32 am EST.

More From The Market Online

Copper mining giant reports rising profit, maintains 2026 outlook

Freeport (NYSE:FCX) reported second-quarter 2026 net income of US$984 million (US$0.68 per share) and adjusted net income of US$1.1 billion.

Ottawa greenlights one of the world’s largest nickel mines

Canada Nickel Company (TSXV:CNC) receives federal approval for its Crawford nickel project in Ontario, one of the largest in the world.

Buzz on the Bullboards: Contracts, cashflows, and delistings

Uncertainty around Iran has weighed on sentiment, reminding investors that even strong stories can be overshadowed by geopolitical risk.

Super Copper discovers kilometre-scale targets in Chile

Junior mining company Super Copper (CSE:CUPR) identifies multiple kilometre-scale anomalies at its Castilla project in Chile.