Announced financings: Feb. 13, 2024

Here's your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com, the only platform that posts every Canadian financing, every day.

1. Foremost Lithium Resource & Technology Ltd. (CSE: FAT)

• Gross Proceeds: $3.75 million; $1.5 million
• Sector: Lithium
• Units issued: 637,755, 441,176
• Type: Flow-through units; Special units
• Price: $5.88; $4.00
• Warrants: Full; $4.00; Two years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Lithium exploration company focused on projects in Manitoba and Quebec
• Recently began drilling its Zoro project in the Snow Lake region of Manitoba, aiming to create a maiden resource estimate at its Dyke 1 target
• Shares have been on a steady decline for the past year

3. Pan American Energy Corp. (CES: PNRG)

• Gross Proceeds: $2 million
• Sector: Battery metals
• Units issued: 4.21 million
• Type: Special units
• Price: $0.475
• Warrants: Full; $0.55; Two years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Battery metals junior with projects in Ontario and Nevada
• Recently drilled 16 metres of 1.55% Li2O at its Big Mack project
• Also began a seismic survey at its Horizon project

4. Strikepoint Gold Inc. (TSX-V: SKP)

• Gross Proceeds: $2 million
• Sector: Precious metals
• Units issued: 50 million
• Type: Special units
• Price: $0.04
• Warrants: Half; $0.07; Two years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold junior focused on the Cuprite project in Nevada
• Has plans to start 5,000 metres of drilling at Cuprite in late February