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Prairie Lithium secures C$6.3 million in government financing for its Saskatchewan lithium production build, targeting extraction from a commercial well in late 2026.
Amount Raised
C$6.3 Million
Round Type
Seed
CanadaDescription
Prairie Lithium has secured C$6.3 million in interest-free financing from the Canadian government to support its Saskatchewan lithium project. The funding will be utilized to purchase and install additional processing equipment for production. This project aligns with Canada's focus on expanding domestic critical minerals production. Prairie Lithium aims to achieve annual capacity equivalent to 150 metric tons of lithium carbonate following the project's commissioning.
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Prairie Lithium raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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