E3 Lithium (ETL.V) plans to raise CA$8.5 million through a private placement of units, the company said on Wednesday.
E3 will issue 9.45 million units at CA$0.90 each, with a 15% over-allotment option. Each unit will consist of one share and one three-year warrant to buy a share at CA$1.10.
Proceeds will be used to develop the Clearwater Lithium Project.
The offering is expected to close on Sept. 24.
E3 Lithium shares closed down CA$0.01 at CA$0.99 on the TSX Venture Exchange.
RFA Financial (RFA.TO) declared a quarterly dividend at CA$0.33 per share for the quarter ending Sept. 30, the company said Tuesday afternoon.The dividend is payable on Oct. 15, to shareholders of record on Sept. 30.RFA Financial shares closed down CA$0.09 at CA$26.28 on the Toronto Stock Exchange.
GoldQuest Mining (GQC.V) said Tuesday it appointed Dennis Kwong as chief financial officer, effective Sept. 15.Kwong has experience in mining finance, capital markets, mergers and acquisitions, project financing and corporate development.
Avalon Advanced Materials (AVL.TO) said Tuesday its Nechalacho Rare Earths Project in the Northwest Territories was selected for inclusion in the Canada Investment Summit Prospectus.The project will also be showcased by the Government of the Northwest Territories as a strategic critical-minerals development opportunityThe company said the project has been explored in the past "including a historical 2013 Definitive Feasibility Study, extensive drilling and supporting technical studies". It is preparing a Preliminary Economic Assessment for the property.The summit's prospectus features 167 investment opportunities across Canada, including 63 projects in the minerals and metals sector.