Metals Update 25/01/2021

Alpha Lithium increases bought deal to $20-million


Alpha Lithium Corp. has amended the agreement with Echelon Wealth Partners Inc. and Leede Jones Gable Inc., as co-leads and joint bookrunners, pursuant to which the underwriters have increased the size of the previously announced short form prospectus offering of units of the company at a price of 81 cents per unit. Under the amended terms, the underwriters have agreed to purchase, on a bought deal basis, 24.7 million units for gross proceeds to the company of $20,007,000. The remaining terms remain unchanged.

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Metallic Minerals to begin trading on OTCQB Jan. 26

Metallic Minerals Corp. has received approval from OTC Markets Group Inc. for trading on the OTCQB Venture Market, under the symbol MMNGF, as of Jan. 26, 2021. The company’s common shares will continue to trade on the TSX Venture Exchange under the symbol MMG.

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Galway Metals drills four m of 19.5 g/t Au at Clarence

Galway Metals Inc. has released full and partial assay results from eight new holes plus results from two holes that had some assays pending in the 650-metre gap between the Richard and George Murphy zones (GMZ) at the company’s Clarence Stream project in southwest New Brunswick, Canada. The latest results are highlighted by likely extensions to the east of previously identified veins and new veins to the north, which are denoted as new 1, 2 or 3.

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Eastern Platinum closes $11.78-million rights offering

Eastern Platinum Ltd. has completed the previously announced rights offering to its shareholders (see news release of Dec. 11, 2020), subject to final approval of the Toronto Stock Exchange (the TSX) and the Johannesburg Stock Exchange (the JSE).

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