Foremost Lithium Resource & Technology Ltd (TSE:FAT) has released an update.
Foremost Lithium Resource & Technology Ltd., a North American lithium exploration firm, successfully closed the initial portion of its private placement, raising $1.629 million. The company issued both flow-through and non-flow-through units, including warrants, with proceeds aimed at financing Canadian exploration expenses and corporate purposes. The offering saw participation from insiders of the company, with securities offered subject to a standard four-month hold period.
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