Energy & Critical Metals
Frontier Lithium To Raise $20.0 Million Via Bought Deal
Markets might be dreary, but that evidently is not stopping capital from flowing to hot sectors. Frontier Lithium (TSXV: FL)
The post Frontier Lithium…
Markets might be dreary, but that evidently is not stopping capital from flowing to hot sectors. Frontier Lithium (TSXV: FL) this morning indicated it has entered into an arrangement with RBC Capital Markets and Goldman Sachs to conduct a bought deal finaning.
The financing will see the company sell a total of 9.1 million units at a price of $2.20 per each. Units are set to contain one common share and one half of a common share purchase warrant. Warrants are to be valid for a period of three years from the date of issuance, and contain an exercise price of $2.75 per each.
The raise is expected to raise gross proceeds of $20.0 million. An over-allotment option however has been granted, which could see the financing expanded to as much as $23.0 million. Proceeds from the financing are to be used for exploration and the further development of the firms PAK Lithium project in Ontario, as well as for general corporate purposes.
WATCH: Lithium Projections & Its Future In Canada
Closing of the financing is currently slated for November 8, 2022.
Frontier Lithium last traded at $2.18 on the TSX Venture.
Information for this briefing was found via Sedar and Frontier Lithium. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
The post Frontier Lithium To Raise $20.0 Million Via Bought Deal appeared first on the deep dive.
Uranium Exploration Company Announces Additional Staking in the Athabasca Basin
Source: Streetwise Reports 12/22/2023
Skyharbour Resources Ltd. announced an update from its Canada-based Falcon Project along with additional…
Tesla Launches New Mega Factory Project In Shanghai, Designed To Manufacture 10,000 Megapacks Per Year
Tesla Launches New Mega Factory Project In Shanghai, Designed To Manufacture 10,000 Megapacks Per Year
Tesla has launched a new mega factory…
Giving thanks and taking stock after “a remarkable year”
An end-of-year thank you to our readers, industry colleagues and advertisers before Electric Autonomy breaks from publishing until Jan. 2
The post Giving…
