FINWIRES · TerminalLIVE
FINWIRES

First Lithium Minerals to Raise $6 Million Via Private Placement

By

First Lithium Minerals (FLM.CN) plans to raise $4.9 million through a private placement of up to 44.9-million of its units (NFT unit) at $0.11 per NFT unit, it said Monday.

Each unit is comprised of a share and one-half of a three-year warrant to buy a share for $0.18, and up to 3.3-million flow-through units (FT unit) made of a tax-advantaged share h share" and one-half of a warrant.

Proceeds of the NFT units will be used for exploration drilling and brine sampling at the Ascotan Lithium project in Chile and working capital and general corporate needs. Closing is expected on or about June 9.

The company said it may close a concurrent private placement of up to 5.1-million units at $0.11 per unit for about $565,751. Each unit will consist of a share and one-half of one warrant with the same terms.

Shares of the company were last seen unchanged at $0.13 on the Canadian Securities Exchange.

Related Articles

Mining & Metals

HM Exploration Expands Lewis Pilley's Project; Shares up 6.8%

HM Exploration (HM.CN) on Moanday said iot expanded its land position through the staking of additional mineral tenure at the company's Lewis Pilley's Project in Newfoundland.The new tenure consists of 67 mineral claims encompassing an additional 17 square kilometers and connects the northern and southern claim blocks, resulting in HM controlling the entirety of Pilley's Island.The new tenure increases total land position at the Lewis Project to around 60.25 square kilometers, said the company.It also noted diamond drilling continues at Clifford Jones Zone for a minimum of 2,500 meters."This marks the first time in recent history that the entirety of Pilley's Island has been consolidated under a single company," said chief executive Nick Rodway. "With district-scale control now in place, we are focused on unlocking additional VMS-style targets across the property while continuing to aggressively drill the Clifford Jones Zone, where several compelling targets have remained untested for years. We look forward to providing further updates as drilling progresses."Shares of the company were last seen up $0.03 to $0.47 on the Canadian Securities Exchange.Price: $0.47, Change: $+0.03, Percent Change: +6.82%

$HM.CN
Mining & Metals

TSX at a Record High, Up 340 Points at Midday

The Toronto Stock Exchange is at a record high at midday, gaining 340 points, as hopes rise that a deal to end the U.S.-Iran was could be near, and oil prices fall.The best performers are the materials and technology sectors, both up 2.2%. Energy is also higher, up 0.9%.Telecoms, down 0.03%, is the sole decliner.On the economics front, Statistics Canada said on Monday that the advance results for April indicate wholesale sales, excluding oil, oil products, and other hydrocarbons and excluding oilseed and grain, edged up 0.1% month over month. The increase partly reflects higher sales in the building material and supplies subsector, noted the country's statistical agency.

$^GSPTSE$.GSPTSE
Mining & Metals

CIBC Confirms Outperformer Rating and Target of US$480 on Celestica Post Technology & Innovation Conference Message

CIBC Capital Markets maintained its outperformer rating and price target of US$480 on the shares of Celestica (CLS.TO, CLS) after the company's appearance at the bank's Technology & Innovation Conference.The bank said the company's message sharpened its conviction that 2026 and 2027 guidance likely remains "too low"."Celestica CFO Mandeep Chawla pointed to stronger demand and upside across CCS, spanning communications switching and enterprise servers, while noting capacity planning for key hyperscaler and digital-native customers now extends through 2029," said analyst Todd Coupland. "The only meaningful constraint is supply, with some component lead times stretching to 99 weeks-an intensity that exceeds what was seen during the pandemic."It noted demand is tracking ahead of company guidance and Street expectations, even if supply constraints create some near-term quarterly volatility. The bank continues to recommend buying Celestica, as it sees a "compelling setup of upward estimate revisions, improving visibility, and attractive risk/reward."CIBC's US$480 PT on the company is based on a blended valuation of 32x its 2027 EPS estimate and 24x its 2027 EBITDA estimate."This valuation premium is justified, in our view, by improving visibility into sustained AI data center spending, a rising probability of upward revisions, and Celestica's increasingly strategic role in next-generation networking and server infrastructure," said Coupland.Price: $519.10, Change: $+11.11, Percent Change: +2.19%

$CLS.TO