FE Battery Metals Corp. Closes Private Placement, Bolstering Quebec Exploration

FE Battery Metals Corp. (CSE:FE) (OTCQB:FEMFF) has successfully closed its private placement, raising CAD 999,999.98. The company issued 8,750,000 flow-through shares at CAD 0.08 per share and 4,285,714 hard-dollar common shares at CAD 0.07 per share. The proceeds will fund general working capital and further exploration of properties in Quebec.


The private placement is subject to a four-month-and-one-day hold period and regulatory approvals, including from the Canadian Securities Exchange (CSE). A 6% finder's fee was paid to eligible finders.

The allocation of funds between flow-through and hard dollar common shares allows FE Battery Metals Corp. to optimize its exploration activities in Quebec. Flow-through shares enable the company to pass on exploration expenses to investors, while hard dollar common shares provide additional capital for general working capital.


The 6% finder's fee reduces the net proceeds available for exploration and operational activities. However, it is a common practice in the industry and helps the company access a broader network of investors.

The four-month-and-one-day hold period for securities issued may impact FE Battery Metals Corp.'s short-term liquidity and operational flexibility. However, it is a standard regulatory requirement that ensures the stability of the market and protects investors.

The funding from the private placement enables FE Battery Metals Corp. to attract and retain talent in its exploration and operational teams in Quebec. With increased capital, the company can invest in state-of-the-art equipment, technology, and expertise, fostering a competitive and innovative work environment.

In conclusion, FE Battery Metals Corp.'s successful private placement will significantly enhance its exploration activities in Quebec, driving growth and development in the region's battery metals sector.