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Rover Critical Minerals Corp. announced a non-brokered private placement financing for $0.03 units, aiming to raise between $400,000 and $800,000. Each unit consists of one common share and one warrant with a $0.05 exercise price, valid for three years. The first tranche has closed with $327,344 raised, totaling 10,911,467 common shares and warrants issued. No finders' fees were paid.
The primary investor is a lithium investment portfolio managed by Director Gunnar Pedersen. Proceeds will fund the permitting and exploration at the Let's Go Lithium project in Nevada. The financing involved a related party transaction, approved under Multilateral Instrument 61-101 without requiring formal valuation or minority shareholder approval.
CEO Judson Culter emphasized the importance of this financing for their ongoing NEPA permitting process. President Paddy Moylan highlighted the strong initial support as a positive indicator of market confidence.
Rover Critical Minerals Corp. provides an update on its Let's Go Lithium project in Amargosa Valley, NV, USA. The company has commenced environmental baseline surveys and continues with the NEPA permitting process. The CEO and President express satisfaction with the progress made and emphasize the environmentally sensitive approach taken by the company. Additionally, the company will issue 150,000 common shares to its President for services rendered.