Tantalex Resources (TSE:TTX) has released an update.
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Tantalex Lithium Resources Corp. has completed the first tranche of a private placement, successfully raising USD$250,000 by issuing over 9.7 million common shares at $0.035 each. This strategic financial move, supported by director Simon Collins’ significant personal investment, will fund the optimization of the TiTan tin and tantalum plant and bolster general working capital. The company emphasizes that the issued securities will observe a mandatory four-month-plus-one-day hold period as per securities law.
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