2023-04-24 08:49:45 ET
- Tantalex Lithium Resources ( OTCQB:TTLXF ) has entered into a loan agreement witha director of the Corp. whereby it will receive an amount of $2M .
- The Corp. will receive the Loan in two tranches: $0.5M due by April 24, 2023 and the balance of $1.5M due by May 1, 2023.
- The loan is unsecured, bears an interest fee of 10% and is due 45 days from the date of the execution of the Loan Agreement.
- The proceeds from the loan will be used for general working capital and progressing on the completion of the Titan plant construction and advancing the Manono tailings preliminary economic assessment and feasibility study.
For further details see:
Tantalex Lithium announces $2M loan agreement