First Lithium Raises CA$1.4 Million After Closing Second Tranche of LIFE Offering and Private Placement

12:58 PM EDT, 10/30/2026 (MT Newswires) -- First Lithium Minerals (FLM.CN) closed the second tranche of its non-brokered private placement financing and a private placement for CA$1.4 million, it said in a statement late Thursday. The second tranche offered 2.5-million non-flow-through (NFT) units at CA$0.11 per NFT unit. The company concurrently closed a private placement of up to 7.7-million units at CA$0.11 per PP unit for CA$844,840, it said. Proceeds of the LIFE offering will be used for exploration activities, and general corporate and working capital needs, it said. Shares of the company were last seen down 10% at CA$0.095 on the Canadian Securities Exchange. Price: 0.10, Change: -0.01, Percent Change: -9.52