FinTechFunding

Recharge Metals: Secures $3m to fund Express lithium project, Quebec

Recharge Metals Secures $3m to fund Express lithium project, Quebec

  • Recharge Metals (REC) secures $3 million in fresh funds to accelerate exploration efforts at its Express lithium project in Quebec, Canada
  • The company says it received “firm commitments” from institutional, sophisticated and professional investors for a conditional placement of 30 million new shares at 10 cents each
  • Recharge decided to upscale the placement from $2.5 to $3 million due to “the significant level of demand”
  • The company acquired Express on March 15, with initial exploration aimed at identifying targets ahead of a summer field campaign
  • REC shares are trading at 14 cents at 10:57 am AEDT
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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