* Surface Metals (SUR) said on Monday it plans to raise up to C$800,000 through a non-brokered private placement of 4 million units priced at C$0.20 each.
* Each unit will include one share and half a warrant, with each whole warrant exercisable at C$0.40 for two years.
* The company said proceeds will fund exploration at its Cimarron Gold project, support lithium brine projects in Nevada, and provide general working capital.
* LITM +2.55% premarket to $4.81.
* Source: Press Release [https://seekingalpha.com/pr/20271697-surface-metals-inc-announces-private-placement-financing]
MORE ON SNOW LAKE RESOURCES, SURFACE METALS INC.
* Snow Lake, Global Uranium reach merger deal [https://seekingalpha.com/news/4501948-snow-lake-global-uranium-reach-merger-deal]
* Snow Lake Resources offers to buy Resolution Minerals' Horse Heaven project for A$225M [https://seekingalpha.com/news/4479710-snow-lake-resources-offers-to-buy-resolution-minerals-horse-heaven-project-for-a225m]
* Financial information for Snow Lake Resources [https://seekingalpha.com/symbol/LITM/income-statement]
* Financial information for Surface Metals Inc. [https://seekingalpha.com/symbol/SURMF/income-statement]
Surface Metals to raise up to C$800,000 in private placement
Published 2 weeks ago
Oct 20, 2025 at 1:10 PM
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