Molten Metals Corp. (TSE:MOLT) has released an update.
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Molten Metals Corp., a company developing Antimony and Antimony-Gold mine projects, has announced a loan agreement with a company director for $100,000 at 15% interest, due in 2025, along with the issuance of 800,000 bonus shares. The transaction qualifies as a ‘related party transaction’, with the company utilizing exemptions under Multi-Lateral Instrument 61-101. This financial move aims to support the company’s growth in the industrial critical elements sector, notably in applications such as fire retardants and potential new uses in mass-storage technology.
For further insights into TSE:MOLT stock, check out TipRanks’ Stock Analysis page.
