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Rover Critical Minerals Corp. V.ROVR

Alternate Symbol(s):  ROVMF

Rover Critical Minerals Corp. is a Canada-based junior mining company specializing in United States and Canadian critical minerals. The Company focuses on advancing exploration at its Let’s Go Lithium (LGL) Project, located near Pahrump, NV. Lithium at the LGL Project is hosted in lakebed claystones within the Amargosa Valley of southwest Nevada. The LGL Project is district-scale in size with tier one mine exploration potential. It has a diverse portfolio of mining resource development projects. Its critical mineral projects include lithium, zinc, and copper. Its precious metals projects include gold and silver. Its projects include the Indian Mountain Lake (IML) Volcanic Massive Sulphide Project, Cabin Gold Group of Projects, Up Town Gold Property, and others. The IML Volcanic Massive Sulphide project is its second district scale land package, representing about 30,000 acres of greenstone belt. The Cabin Gold Group of Properties consists of three projects: Cabin Gold, Camp Gold,...


TSXV:ROVR - Post by User

Post by 000Kamon May 17, 2024 12:24am
81 Views
Post# 36044774

15 Mai

15 Mai
Vancouver, British Columbia – (May 15, 2024) – Rover Critical Minerals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company”) is pleased to announce a non-brokered private placement financing for a minimum of $400,000 and a maximum of $800,000. The Company will issue $0.03 units. Each unit is priced at $0.03 and is comprised of one common share and one common share purchase warrant (the “Units”). The warrants on the Units have an exercise price of $0.05 per warrant share, with a life of three years. Assuming the financing is fully subscribed, there will be up to 26,666,667 common shares and 26,666,667 common share purchase warrants issued in connection with this financing, plus any finder’s commission warrants.

Further to the above announcement, Rover has received orders for $327,344 and has also received approval from the TSX Venture Exchange (the “TSXV”) to close the first tranche of the Unit financing for gross proceeds of $$327,344 (the “First Closing”). The Company will issue of 10,911,467 common shares and 10,911,467 warrants. No finders’ commissions will be paid connection with the First Closing. The shares and warrants issued under the First Closing will bear the minimum four-month regulatory hold period from the date of issuance. The financing is being led by a lithium investment portfolio managed by Gunnar Pedersen’s family office. Mr. Pedersen is a Director of the Company.
An updating release will be provided once the Company has completed any future closings of the Unit financing, including receipt of final acceptance from the TSXV for the financing.
 
Use of Proceeds
The proceeds from the First Closing will be used to finance ongoing permitting and exploration work at the Company’s Let’s Go Lithium project located in the Amargosa Valley of Nevada, USA.
Judson Culter, CEO at Rover, states: “Gunnar’s commitment to financing the permitting process for our Let’s Go Lithium (“LGL”) project is huge for us. We have significantly reduced our burn rate to allow us to focus our working capital on the continued NEPA permitting process for the LGL project. Our last equity financing was in the summer of 2023. As a Company, we are positioned to ride-out this bear market in lithium exploration. Our valued partners at the UES, Reno office, have been out in the field since March of this year doing the work needed to move the LGL project to the next level. Management is satisfied with the UES fieldwork to date and feel confident that exploration drilling can be achieved in the area, with less than five acres of planned disturbance.”
 
Paddy Moylan, Rover’s President comments: “What a great show of support to start this raise. The smart money is seeing the opportunity. We are set for the market turnaround. If anyone is keen to look at us please contact us directly at info@rovermetals.com.”
 
 
About Rover Critical Minerals
Rover is a publicly traded junior mining company that trades on the TSXV under symbol ROVR, on the OTCQB under symbol ROVMF, and on the FSE under symbol 4XO. The Company is focussed on the permitting and exploration of the LGL project, a claystone lithium project in the Amargosa Valley of Nevada, USA.
 
You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-critical-minerals/mycompany/?viewAsMember=true
for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber
for corporate videos.
Website: https://www.rovercriticalminerals.com/
 
ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
 
For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2617
 
Statement Regarding Forward-Looking Information
This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause Rover's actual results, performance, achievements, or developments in the industry to differ materially from the anticipated results, performance, or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. There can be no assurance that such statements prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates, opinions, or other factors, should change.
 
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
 
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.
 
 
 

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