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LithiumBank closes upsized private placement raising $5.52 million at $0.6 per unit

PUBT·08/28/2026 23:57:58
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LithiumBank closes upsized private placement raising $5.52 million at $0.6 per unit
  • LithiumBank closed an upsized non-brokered private placement of 9,206,830 units at $0.6 per unit for gross proceeds of $5.52 million.
  • Each unit includes one common share, one non-transferable warrant exercisable at $0.9 for 24 months.
  • Net proceeds earmarked for a feasibility study at the Boardwalk Lithium Brine Project, also for general working capital.
  • Finders’ fees totaled $43,938 cash; 73,229 finders’ warrants issued, exercisable at $0.6 for 24 months.
  • Directors, officers bought 363,000 units for $217,800, representing about 3.9% of the financing proceeds.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LithiumBank Resources Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608281957NEWSFILECNPR____20260828_312023_1) on August 28, 2026, and is solely responsible for the information contained therein.