American Salars Launches $2M Fundraising for Lithium Project

Blanton Resources Corp. (TSE:USLI) has released an update.

American Salars Lithium Inc. has announced a non-brokered private placement aiming to raise $2 million by offering 10 million units at $0.20 each, to fund its exploration and development activities, including the Candela II Lithium Brine Project. This project boasts an estimated 457,500 tonnes of lithium carbonate equivalent, with lithium carbonate prices recently surging by approximately 20% in 2024. The funds will also be allocated to general working capital and increasing project awareness.

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