Announced financings: Oct. 24

Here’s your roundup of announced equity financings, courtesy of PrivatePlacements.com, the only database that tracks every financing, every day.

1. Rock Tech Lithium Inc. (TSX-V: RCK)

• Gross Proceeds: $10 million
• Sector: Lithium
• Units issued: 7.69 million
• Type: Special units
• Price: $1.30
• Warrants: Half; $1.69; Two years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Aims to produce lithium hydroxide for EVs
• Proceeds will be used for its Georgia Lake project in Ontario
• Also plans to build a lithium converter in Ontario

2. EMP Metals Corp. (CSE: EMPS)

• Gross Proceeds: $9.76 million
• Sector: Lithium
• Units issued: 13.52 million; $7.5 million
• Type: Special units; Flow-through units
• Price: $0.40; $0.58
• Warrants: ¾; $0.60; Two years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Lithium exploration company with projects in Saskatchewan
• Financing is fully subscribed

3. GR Silver Mining Ltd. (TSX-V: GRSL)

• Gross Proceeds: $1.2 million
• Sector: Precious metals
• Units issued: 30 million
• Type: Special units
• Price: $0.04
• Warrants: Full; $0.07; Three years
• Agents: Non-brokered
• Use of Proceeds: Paying off debts

Company breakdown:

• Silver junior with projects in Mexico
• Lack of other recent news

4. Infinico Metals Corp. (TSX-V: INFM)

• Gross Proceeds: $1.8 million
• Sector: Base metals
• Units issued: 8.28 million; 8 million
• Type: Flow-through units; Special units
• Price: $0.15; $0.08
• Warrants: Half; $0.15; Two years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Base metals explorer with projects in Quebec
• Recently acquired the Nicobi nickel project