Grit Metals Completes Debt Settlement
Grit Metals Corp. settled $75,000 in debt by issuing 625,000 common shares, receiving TSX Venture Exchange approval.Summary
Grit Metals Corp. announced the completion of a debt settlement totaling $75,000. The settlement was achieved through the issuance of 625,000 common shares at a deemed price of $0.12 per share to an arms-length creditor. These shares are subject to resale restrictions until April 10, 2026. Grit Metals is a junior mining company focused on its Lithium-Cesium-Tantalum Finnish Pegmatite Project in central Finland, strategically located near the Keliber mine and production complex, which is undergoing a significant €600 million investment by Sibanye-Stillwater Limited and the Finnish Minerals Group. The Keliber complex aims to establish a complete hard-rock lithium supply chain in the region, encompassing mining, concentration, and hydroxide production. The company's press release also includes cautionary statements regarding forward-looking information and associated risks.
(Source：Newsfilecorp)