Libra Energy Materials to Raise CA$725,000 Through Flow-Through Shares

03:42 PM EDT, 09/25/2026 (MT Newswires) -- Libra Energy Materials (LIBR.CN) on Friday afternoon announced a CA$725,000 private placement of 5 million Critical Minerals Exploration Tax Credit flow-through common shares at CA$0.145 per share. The company said the proceeds will be used for Canadian exploration expenses and qualifying flow-through mining expenditures on Libra's Quebec projects. This includes its newly acquired Cisco West and Obamska projects in the Eeyou Istchee James Bay region. The financing is expected to close around Sept. 29, subject to customary closing conditions and Canadian Securities Exchange regulatory approval, the company added. Price: 0.12, Change: +0.02, Percent Change: +15.00