Peloton Minerals Corporation has closed the first tranche of a private placement, raising approximately $1.03 million by issuing 11.45 million units at CAD 0.09 each. Each unit includes one common share and a warrant exercisable at CAD 0.12 for three years. The funds will support exploration projects in northern Nevada and provide working capital. The placement involved existing shareholders and accredited investors, with securities subject to a four-month hold period. Peloton's projects focus on lithium, gold, and other critical minerals in Nevada and Montana.
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