New Energy Metals (TSE:ENRG) has released an update.
New Energy Metals Corp. has initiated a non-brokered private placement to raise $1 million from strategic investors, with the potential to increase proceeds to $1.2 million. Each unit in the offering includes common shares and warrants, with proceeds earmarked for corporate expenses and working capital. The offering is contingent upon approval from the TSX Venture Exchange.
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