Tantalex Lithium Resources (CSE:TTX, OTC:TTLXF) announced a successful first tranche closing of a non-brokered private placement, yielding USD$250,000.
This involved issuing 9,765,714 common shares at $0.035 each, totaling C$341,800 for director Simon Collins.
The placement's proceeds will fund project expenses for optimizing the TiTan tin and tantalum plant and support general working capital.