Arctic Fox Lithium Corp. (CSE:AFX) / (FSE:O5K) has announced its plan to complete a non-brokered private placement at CDN$0.03 per unit, aiming for up to $150,000 in gross proceeds.

Private Placement Details

Arctic Fox aims to issue units, each comprising one common share and a warrant. Warrant holders can purchase a share at CDN$0.06 within 24 months. The anticipated closing of the first tranche is around March 26, 2024, with proceeds aimed at boosting working capital.

Company Overview

Located in Vancouver, British Columbia, Arctic Fox is a junior mining company focusing on lithium and rare earth elements in Canada, especially in the mining-friendly province of Québec.

Board of Directors’ Statement

Harry Chew, President & CEO, represents Arctic Fox’s commitment to growth and exploration.

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