I went to their website and saw they have global projects. $4.7m can get burned up REAL quick just on multi continent exploration and reserve analysis. If they can use that money to prove potential recoverable numbers of minerals then they could go and raise some more potentially without dilution. This is definitely worth keeping on the back burner to watch.
I am interested in this company it looks like it has potential. I just need to do some more DD and find out of they have plans with investors that dont require dumping hundreds of millions of shares. This is very early stage, but with all the billions being thrown and green stuff and the demand for lithium and cobalt going through the roof they may be able to find a way to raise the capital without dilution.
BUSINESS DESCRIPTION: Our goal is to become a leading low-cost producer of high quality, ethically sourced battery metals from high-grade, low impact mines in stable jurisdictions that are close to major consumer industries and a number of end users and market intermediaries.