Spod Lithium Corp - Mining Stock Analysis & Updates
Latest News and Market Performance for Spod Lithium Corp
Perm ID: 1-5057827976
https://spodlithiumcorp.com/fr/
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SPOD Lithium Corrects Finder's Fees Payment
SPOD Lithium Corp. has corrected compensation to Haywood Securities following a private placement, reducing cash and finder's warrants. The company also terminated option agreements for the Golden Moon and Byron Pegmatite properties due to unmet exploration requirements. Results from recent drilling on MegaLi and LG4 properties are anticipated in February 2025.
Spod Lithium Announces the Closing of Flow-Through Units Offering
SPOD Lithium Corp. closed a non-brokered private placement, raising $272,750 by issuing 4,196,155 flow-through units at $0.065 each. The funds will be used for exploration, with warrants allowing additional shares purchase at $0.10 within 24 months.
SPOD Lithium Announces Second Tranche Closing
SPOD Lithium Corp. announced a second tranche closing of its non-brokered private placement, raising $85,000 by issuing 1.7 million units at $0.05 each. Each unit includes a common share and a warrant, with specific terms for acquisition and expiration. A director participated, qualifying as a related party transaction.
SPOD Lithium Announces Private Placement of Flow-through Units
SPOD Lithium Corp. plans a private placement of flow-through units at $0.065 each, aiming to raise up to $750,000. Each unit includes a common share and a warrant, with proceeds allocated for exploration of its Lithium Grande 4 and MegaLi properties.
SPOD Lithium Announces the Closing of the First Tranche of a Private Placement Offering
SPOD Lithium Corp. has closed the first tranche of a private placement, raising $385,000 by issuing 7.7 million units at $0.05 each. Each unit includes a common share and a warrant, convertible at $0.10. Proceeds will fund general working capital. Additional tranches are planned.
SPOD Lithium Announces Private Placement of Units
SPOD Lithium Corp. has announced its plan to complete a private placement offering of units, each priced at $0.05, with the aim of raising up to $750,000. Each unit consists of a common share and a warrant that allows the holder to acquire an additional share at a cost of $0.10, 24 months after the closing date. If the common shares' daily average closing price reaches $0.20 for 20 consecutive trading days, the company can accelerate the expiry date of the warrants. The funds raised from the offering will be used for general working capital purposes. This offering is directed at qualified purchasers and may involve company directors and officers, constituting a "related party transaction".
SPOD Lithium Commences Drill Program on MegaLi and Lithium Grande 4 Properties in Quebec
SPOD Lithium Corp. has obtained permits to begin its drilling program on the MegaLi and Lithium Grande 4 projects in the James Bay area of Quebec, Canada. The initial drill program will consist of at least 10 drill holes for a total of around 1,500 meters. The aim of the program is to follow up on successful soil and rock sampling from phase 2 field programs, which revealed pegmatite trends and other minerals. The company is excited about this development, as the region is known for its lithium potential. Drilling is expected to begin next week.
Spod Lithium Appoints New Director
SPOD Lithium Corp. has announced the appointment of Richard Goldstein to its Board of Directors. Goldstein has over 31 years of experience in capital markets, including investment banking, institutional sales, and trading. He is the founder of First Republic Capital Corp. and a former Executive Vice-President at Standard Securities. Meanwhile, Gerald Kelly has resigned as a director but will continue to serve the company as a consultant for the next two years. SPOD Lithium Corp. is a leading company focused on the exploration and development of lithium resources, primarily in Quebec and Ontario, Canada.
