Metals Update 7/9/2020

General Moly receives deficiency letter from NYSE

General Moly Inc. has received a deficiency letter from the NYSE American stock exchange, indicating that the company is below compliance with Section 1003(a)(i) (requiring stockholders’ equity of $2-million or more if it has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years), Section 1003(a)(ii) (requiring stockholders’ equity of $4-million or more if it has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years) and Section 1003(a)(iii) (requiring stockholders’ equity of $6-million or more if it has reported losses from continuing operations and/or net losses in its five most recent fiscal years) of the NYSE American company guide.

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Allegiant grants 200,000 RSUs to two directors

Allegiant Gold Ltd. has granted an aggregate of 200,000 restricted share units (RSUs) to two directors of the company. The RSUs have a three-year vesting period in accordance with the company’s 2020 RSU plan, which was approved by shareholders at the annual general meeting held on May 19, 2020.

Alpha Lithium prospectus offering

Alpha Lithium Corp. has closed its financing pursuant to its final short form prospectus dated Aug. 28, 2020, which was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the securities commissions of each of the provinces of British Columbia, Alberta and Ontario, on Aug. 28, 2020, pursuant to the provisions of the applicable securities acts.

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Southern Silver subscription receipt private placement

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced June 22, 2020.

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Plateau hires Hersh for Falchani advisory services

Plateau Energy Metals Inc. has engaged Emily Sarah Hersh of DCDB Group to provide consulting and advisory services related to seeking strategic investment partners for Plateau’s Falchani lithium project in Peru.

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