First Lithium Minerals Announces $600,000 Flow-Through Financing

First Lithium Minerals Corp. plans to complete a flow-through financing of up to $600,000 by issuing up to 7.5 million flow-through shares at $0.08 per share. The proceeds will be used for Canadian exploration expenses related to its Ontario exploration properties. The shares will be subject to a four-month hold period. The company is exploring for lithium and alkali metals in Chile and gold and critical metals in Ontario.

First Lithium Minerals Corp. (OTC: FLMCF) has announced a flow-through financing initiative to raise up to $600,000 through the issuance of up to 7.5 million flow-through shares at $0.08 per share. The proceeds will be used for eligible Canadian exploration expenses qualifying as flow-through mining expenditures on the Company's exploration properties in Ontario. These qualifying expenditures will be renounced to subscribers with an effective date no later than December 31, 2025. The issued securities will have a four-month and one-day hold period from closing.

The flow-through financing will allow First Lithium Minerals to incur eligible Canadian exploration expenses related to its exploration properties in Ontario. The Company is exploring for lithium and alkali metals at its 100% owned Ascotan Project in Chile and gold and critical metals at its Lidstone project in Ontario.

This financing initiative comes at a time when the demand for critical minerals, including lithium, is increasing due to the growing need for electric vehicles and renewable energy technologies. The Company's focus on lithium and alkali metals exploration in Chile and gold and critical metals exploration in Ontario aligns with global trends and government priorities to reduce reliance on foreign sources of these essential inputs.

First Lithium Minerals is a Canadian mineral exploration and development company focused on the exploration and development of lithium and alkali metals and other critical minerals. The Company's exploration activities are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by forward-looking information.

References:
[1] https://www.stocktitan.net/news/FLMCF/first-lithium-minerals-announces-flow-through-ld5ovhlxgmgj.html
[2] https://www.nasdaq.com/press-release/apex-critical-metals-expands-strategic-focus-us-critical-minerals-property