From GlobeNewswire:

Lancaster Resources Inc. announced the completion of the first tranche of a non-brokered private placement, issuing 2,125,000 units with a total value of $106,250. The proceeds of the offering will be used for exploration at the Alkali Flat Lithium Brine Project in New Mexico and consulting fees. Lancaster Resources is exploring critical metals to take advantage of the global shift towards decarbonization and electrification. The company also holds the rights to a 100% interest in the Trans-Taiga Lithium Property and owns the Nelson Lake Copper Project in Saskatchewan, Canada, with a vision to produce Net Zero Lithium using direct lithium extraction technology powered by solar or geothermal energy.



Read more: Lancaster Resources Completes Unit Offering