Canada Carbon Stock Price, News & Analysis

Canada Carbon Inc. (TSX-V:CCB) (FF:U7N1) has announced the issuance of 2,237,750 common shares to Alternative Resource Capital, a trading name of Shard Capital Partners LLP. This equity issuance is part of the payment for corporate-finance advisory services provided by the consultant, as per an engagement letter dated August 22, 2024.

The shares were issued at a deemed price of $0.02 per share and will be subject to a four-month hold period from the date of issuance, in compliance with TSXV policies and Canadian securities laws. This move represents a portion of the annual fee owed to the consultant for their services.

Canada Carbon Inc. (TSX-V:CCB) has engaged Alternative Resource Capital, a trading name of Shard Capital Partners LLP, for corporate-finance advisory and equity research services. The agreement, dated August 15th, 2024, involves an annual fee of £50,000, with 50% paid in common shares and 50% in quarterly cash installments of £6,250. The company will also pay up to 5% commission on investments introduced by the consultant. This engagement aims to enhance Canada Carbon's financial advisory and research capabilities, potentially impacting its market position and investor relations. The agreement and share issuance are subject to TSX Venture Exchange approval, with issued shares having a four-month hold period.

Canada Carbon has successfully closed a non-brokered private placement, raising gross proceeds of $500,000. This includes 7,500,000 flow-through units (FT Units) at $0.06 each, totaling $450,000, and 833,333 non-flow-through units (NFT Units) at $0.06 each, totaling $50,000. Each FT Unit comprises one flow-through share and a half warrant, whereas each NFT Unit comprises one share and one warrant. Warrants allow the purchase of one common share at $0.12 for 60 months. The company will use the proceeds from FT Units for eligible expenses and NFT Units for general corporate purposes. A finder's fee of $36,000 and 600,000 warrants was paid. All securities are subject to a four-month plus one-day hold period.

Canada Carbon Inc. has initiated the revised application for its Miller Graphite Project, submitting all necessary documentation to the Municipal Inspector of Grenville Sur La Rouge on March 17, 2023. The submission is aimed at a streamlined review process, focusing solely on the graphite deposit's development while excluding the previously planned marble quarry. The GSLR has 45 days to review the compliance of the application with local laws, after which it will forward it to the CPTAQ for a potential six-month review. CEO Ellerton Castor emphasized the intention to address regulatory concerns effectively and position Canada Carbon as a key player in the nuclear supply chain.

Canada Carbon announced the assay results from rock samples taken during the 2021 geochemical survey on its Asbury Property. The survey confirmed graphite mineralization in all tested conductors, with lengths ranging from 350 to 1,075 meters. Notably, a 1,075-meter conductor contained a grab sample graded at 21.5% Cg. Only 30% of the conductors have been tested, with further trenching and channel sampling planned. CEO Ellerton Castor expressed optimism about the high-grade graphite potential. The company is also planning metallurgical testing for commercial usage validation.