Tantalex Lithium Resources Corp. Announces Private Placement
Toronto, Ontario – March 21, 2025
Tantalex Lithium Resources Corp. (CSE: TTX, FSE: DW8, OTCQB: TTLXF) (“Tantalex” or the “Corporation”) is delighted to announce a non-brokered private placement of approximately 86,000,000 common shares (“Common Shares”). The placement will take place at a price of CDN$0.025 per Common Share, with potential gross proceeds of up to USD$1,500,000.
The number of Common Shares to be issued is subject to change based on the exchange rate of the US currency to Canadian currency, which will be determined on the closing date.
Notably, there will be no finders’ fees paid on this private placement.
Impact on Tantalex
This private placement represents a significant funding opportunity for Tantalex as it continues to advance its lithium projects. With the increasing demand for lithium in the global market, especially due to the growing adoption of electric vehicles and energy storage systems, the Corporation is well-positioned to capitalize on this trend.
The proceeds from this private placement will be used to further develop Tantalex’s lithium projects, including exploration, drilling, and permitting activities. Additionally, the funds may be allocated towards research and development, marketing efforts, and general working capital.
Global Impact
The global lithium market is expected to grow significantly in the coming years, driven by the increasing demand for batteries in electric vehicles and energy storage systems. According to a report by Grand View Research, the global lithium market size was valued at USD 15.22 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 15.4% from 2020 to 2027.
Tantalex’s private placement is a positive sign for the lithium industry as a whole. The funding will enable the Corporation to advance its projects, potentially contributing to the increased supply of lithium in the market. This, in turn, could help meet the growing demand for lithium and reduce the reliance on traditional sources, such as China, which currently dominates the global lithium market.
Conclusion
Tantalex Lithium Resources Corp.’s private placement represents a significant funding opportunity for the Corporation as it continues to advance its lithium projects. With the increasing demand for lithium in the global market, this private placement positions Tantalex well to capitalize on this trend. Furthermore, the proceeds from this private placement could contribute to the increased supply of lithium in the market and reduce reliance on traditional sources.
- Tantalex Lithium Resources Corp. announces non-brokered private placement
- Approximately 86,000,000 Common Shares to be issued at CDN$0.025 per Common Share
- Gross proceeds of up to USD$1,500,000
- No finders’ fees paid
- Proceeds to be used for project development, research, marketing, and working capital
- Positive sign for the lithium industry as a whole
- Contributes to the increased supply of lithium in the market
