- Foremost Lithium Resource and Technology has announced a non-brokered private placement for gross proceeds of approximately C$677,556.76
- The company will issue 1,992,814 flow-through common shares priced at $0.34 per share
- The gross proceeds will be used for exploration expenses on the company’s mineral properties in Manitoba
- Foremost Lithium is a resource exploration company focused on providing lithium used to produce high quality battery-grade lithium hydroxide
- Foremost Lithium Resource & Technology Ltd. (FAT) opened trading at $0.15
Foremost Lithium Resource and Technology has announced a non-brokered private placement for gross proceeds of approximately C$677,556.76.
The company will issue 1,992,814 flow-through common shares priced at $0.34 per share. The company has received signed subscription agreements for the above targeted amount.
The gross proceeds will be used for exploration expenses on the company’s mineral properties in Manitoba.
Closing of the offering is subject to the receipt of all necessary regulatory and other approvals.
Finder’s fees consisting of cash and finder’s warrants may be paid to eligible finders in connection with the financing.
Foremost Lithium is a resource exploration company focused on providing lithium used to produce high quality battery-grade lithium hydroxide to fuel the electric vehicle and battery storage market. The company is exploring its five lithium properties: Jean Lake, Grass River, Zoro and Jol located in Snow Lake, Manitoba, and Hidden Lake in the Northwest Territories. Foremost also holds its Winston Gold/Silver Project in New Mexico.
Foremost Lithium Resource & Technology Ltd. (FAT) opened trading at $0.15.