Spartan Metals raises $4.4M via private placement to fund critical minerals projects in the US.

Spartan Metals Corp. announced a non-brokered private placement to raise up to $4.4 million by selling 8 million units at $0.55 each. Each unit includes one common share and half a warrant, allowing purchase of additional shares at $0.85 within 12 months, with an acceleration clause if share prices exceed $1.10. Proceeds will support exploration and working capital for Spartan's critical minerals projects in the Western US, including tungsten, rubidium, and antimony. The placement may involve insiders but complies with regulatory exemptions, and finders may receive fees and warrants. This funding move aims to advance Spartan's portfolio, which includes significant tungsten and other strategic mineral resources.