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Green Light Metals Inc. Lists Common Shares on TSX Venture Exchange and Announces $5.0 Million Private Placement Offering

Oct 03, 2024over 1 year ago

Contract Type

agreement

TorontoMiningPrecious MetalsMineral

Description

Green Light Metals Inc. has filed an application with the TSX Venture Exchange and entered into an agreement with Eight Capital for a brokered private placement offering of subscription receipts of up to approximately $5.0 million. The net proceeds will be used for the exploration of the company’s mineral projects and general corporate purposes.

Company Information

Company

Green Light Metals

Location

Toronto, Ontario, Canada

About

Green Light’s mission is to expand known mineral resources and make new discoveries on one of North America’s most prolific yet underexplored volcanogenic massive sulfide (“VMS”) greenstone belts – the Penokean Volcanic Belt (the “Belt”) in Wisconsin, USA. The Belt’s deposits are rich in the clean energy metals copper and zinc, as well as gold, that are required to power the imminent green, low carbon economy. The Company’s strategy is to capitalize on its first-mover advantage to consolidate, secure, and drill dominant land positions.

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