Spartan Metals ups private placement to $5.5M to fund critical minerals projects in the US.

Spartan Metals Corp. has increased its non-brokered private placement to raise up to $5.5 million by selling 10 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 rise above $1.10. The funds will support exploration and working capital for Spartan's critical minerals projects in the Western US, including tungsten, rubidium, and other strategic minerals. Insiders may participate, and finders may receive fees and warrants. This move aims to strengthen Spartan's portfolio, including the Victorio and Eagle projects, which hold significant mineral resources.