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EUREKA LITHIUM CORP - UREKF STOCK NEWS

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Eureka Lithium Corp (UREKF) is a renowned company focused on lithium exploration and development projects in Quebec, Canada. Recently, the company received approval from the Kativik Regional Government to proceed with exploration activities at the Raglan West property in Nunavik, Quebec. Eureka Lithium is committed to responsible resource development, community engagement, and sustainable energy solutions. The company's projects aim to identify potential lithium resources crucial for electric vehicles and renewable energy storage, contributing to a green energy future.

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Eureka Lithium Corp (CSE: ERKA) (OTCQB: SCMCF) has announced a non-brokered private placement of up to 1,363,636 flow-through common shares at $0.22 per share, aiming to raise approximately $300,000 in gross proceeds. The closing is expected around December 27, 2024, subject to regulatory approvals.

The proceeds will be used to advance the Company's Raglan West, Raglan South and New Leaf Camps. The flow-through shares will have a four-month and one-day hold period from issuance. Finders' fees may be paid to eligible arm's length persons for certain subscriptions.

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Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) has completed its 2024 exploration field program at the Raglan West and Raglan South projects in Nunavik, Quebec. The program focused on follow-up prospecting, till and lake sediment sampling in areas previously explored in 2023. Key highlights include:

- Discovery of a significant new pegmatite exposure at Raglan South
- Collection of 317 till samples and 22 lake sediment samples at Raglan South
- 577 till samples and 48 lake sediment samples collected at Raglan West
- Use of handheld XRF analyzer for initial sample scanning
- Ongoing community relations tour in Nunavik

The extensive geochemical coverage aims to delineate and prioritize areas most prospective for lithium-bearing deposits within Eureka's projects.

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Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) has successfully closed the second tranche of its non-brokered private placement financing. The company issued an additional 300,000 units, bringing the total to 4,933,000 units sold, raising gross proceeds of $739,950. Each unit comprises one common share and one share purchase warrant, with the warrant allowing the holder to purchase one share at $0.205 for 24 months.

The private placement was conducted under the listed issuer financing exemption (LIFE Exemption) in all Canadian provinces except Quebec. Securities issued are not subject to resale restrictions under Canadian securities laws. An amended offering document dated September 24, 2024, was made available on SEDAR+ and the company's website prior to closing.

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Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) has successfully closed a non-brokered private placement financing, raising $694,950 by issuing 4,633,000 units. Each unit comprises one common share and one share purchase warrant, exercisable at $0.205 for 24 months. The company paid $19,771.50 in finder's fees and issued 131,810 finder's warrants. The financing was conducted under the listed issuer financing exemption (LIFE Exemption), allowing for no resale restrictions on securities. Proceeds will fund exploration of Nunavik properties and general administrative expenses. An amended offering document was posted on SEDAR+ and the company's website prior to closing.

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Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) has amended the terms of warrants for its non-brokered private placement LIFE financing. The offering aims to raise up to $1,250,000 by issuing 8,333,333 units at $0.15 per unit. The warrants will now only be exercisable if shareholders approve or if exercise doesn't exceed 100% of current outstanding shares. Closing is expected around September 23, 2024, subject to regulatory approvals. Proceeds will fund Quebec mineral exploration and corporate purposes. The offering is available to Canadian residents (except Quebec) under NI 45-106, with no resale restrictions. An amended offering document is available on SEDAR+ and Eureka's website.

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Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) has completed an extensive exploration program at its New Leaf project in Nunavik, Quebec. The program included 576 till samples, 404 rock samples, and 153 lake sediment samples. Notably, large, zoned pegmatitic outcrops were discovered in the Leaf River West and SR Leaf River West properties, containing minerals such as garnet, tourmaline, and muscovite. These pegmatites are part of a regional NW/SE trending swarm. The company is now moving to conduct similar fieldwork at the Raglan West and Raglan South projects. Eureka emphasizes the importance of Inuit consultation in their exploration efforts, having engaged with local communities to plan their programs.

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Eureka Lithium Corp (CSE: ERKA) (OTCQB: UREKF) announces a non-brokered private placement LIFE financing of up to 8,333,333 units at $0.15 per unit, aiming to raise up to $1,250,000. Each unit includes one common share and one warrant, exercisable at $0.205 for 24 months. The offering is expected to close around August 31, 2024, subject to regulatory approvals. Proceeds will be used to advance the company's Quebec mineral exploration assets and for general corporate purposes. The offering will be available to Canadian residents (except Quebec) under the listed issuer financing exemption, with no resale restrictions for Canadian subscribers. An offering document dated August 14, 2024, is available on SEDAR+ and the company's website.

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Eureka Lithium Corp has completed a 10:1 consolidation of its common shares, effective June 19, 2024. The company's shares will now trade on a consolidated basis with one new share for every ten old shares. This move results in 5,175,462 common shares outstanding, with fractional shares adjusted accordingly. The company's name and trading symbol remain unchanged, though a new CUSIP number, 298596206, has been issued. Convertible instruments have been proportionately adjusted. Shareholders will receive instructions on exchanging existing certificates. More details are available in a corporate video and presentation on the company's website.

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Eureka Lithium has announced a 10:1 share consolidation, reducing its outstanding common shares to approximately 5,175,459 post-consolidation shares. The record date for this corporate action is June 19, 2024, with trading on a consolidated basis expected to start shortly thereafter on the Canadian Securities Exchange (CSE). The company aims to improve its share structure to attract capital financing and growth opportunities. No fractional shares will be issued; they will be rounded up to the next whole share instead. The share consolidation awaits approval from the CSE. The company name and trading symbols will remain unchanged.

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Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) continues its review and assessment of the Lac La Motte lithium project in Quebec, located in a prolific mining area for lithium deposits. The project is strategically positioned between two operating lithium mines and represents an emerging 'lithium hub'.
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FAQ

What is the current stock price of EUREKA LITHIUM (UREKF)?

The current stock price of EUREKA LITHIUM (UREKF) is $0.125 as of December 23, 2024.

What is the market cap of EUREKA LITHIUM (UREKF)?

The market cap of EUREKA LITHIUM (UREKF) is approximately 1.5M.

What is Eureka Lithium Corp focused on?

Eureka Lithium Corp is focused on lithium exploration and development projects in Quebec, Canada.

What recent approval did Eureka Lithium Corp receive?

Eureka Lithium Corp received official approval from the Kativik Regional Government to proceed with exploration activities at the Raglan West property in Nunavik, Quebec.

What are the core values of Eureka Lithium Corp?

Eureka Lithium Corp is committed to responsible resource development, community engagement, and sustainable energy solutions.

Why is lithium mineralization exploration crucial for Eureka Lithium Corp?

Lithium mineralization exploration is crucial for Eureka Lithium Corp as lithium is a critical component in batteries for electric vehicles and renewable energy storage.

How does Eureka Lithium Corp contribute to a green energy future?

Eureka Lithium Corp's projects aim to identify potential lithium resources crucial for electric vehicles and renewable energy storage, contributing to a green energy future.

EUREKA LITHIUM CORP

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1.51M
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