Yes, during the quarter the Company received commitments totalling $700,000 fromsophisticated and professional investors, to fund the drilling program. The companyremain confident in its ability to raise funds when required to fund its operations.
I'm not worried about this, you just have to acknowledge a hit on dilution.
I couldn't read section 8 on my phone, had to use my laptop. Makes a lot more sense.
I would like to know what happened with the US tenements. If someone else owns them or those rights now, presumably we sold them?
From our 2023 annual report:
[Note 1: ATC Resources Pty Ltd (“ATC Resources”) has entered into the assignments of binding Options Agreements toacquire 100% of Columbus Marsh from Gold Exploration Management Inc. ATC Resources is a whollyowned subsidiary of Caeneus Minerals Ltd.] (Okay, we walk away with nothing).
Note 2: Arizona Lithium Co owns the Rhodes Marsh placer claims on behalf of Caeneus Minerals Limited. (??? - sounds like they were trustees for us and we were the beneficial owner?).
MTL Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)