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Adelayde Announces Update to Private Placement
Newsfileยท2025-09-16 21:08

Core Points - Adelayde Exploration Inc. announced an update to its private placement to fund a gold drill program in Esmeralda County, Nevada [1] - Each Unit in the private placement will consist of one common share and one-half of a transferable share purchase warrant, with the warrant allowing the purchase of an additional share at $0.075 for five years [1] - The net proceeds from the financing will be allocated to the company's general working capital [1] Company Overview - Adelayde Exploration Inc. holds three lithium projects in Clayton Valley, Nevada, including the McGee lithium clay deposit with a resource estimate of 2,092,000 tonnes of lithium carbonate equivalent [3] - The company also owns the Clayton Ridge gold project in Esmeralda County, Nevada, along with antimony and tungsten projects in New Brunswick [3]