Rover Critical Minerals Corp Announces Closure of First Tranche in Private Placement Financing

Rover Critical Minerals Corp. has successfully closed the first tranche of a non-brokered private placement financing, raising $327,344. This first closure is part of a larger financing initiative aiming to generate between $400,000 to $800,000 in total. The financing was achieved by issuing units at $0.03 each, consisting of one common share and one purchase warrant, with each warrant exercisable at $0.05 over a three-year term.

The TSX Venture Exchange has approved this first tranche, resulting in the issuance of 10,911,467 common shares and an equal number of warrants. These securities are subject to a regulatory hold period of four months. No finder's commission was paid in connection with this tranche. The financing is spearheaded by a lithium investment portfolio managed by Gunnar Pedersen's family office.

Proceeds from this financing round are earmarked for ongoing work at Rover's Let's Go Lithium project in Nevada, USA, focusing on permitting and exploration. Despite a bear market in lithium exploration, Rover indicates a strong financial position to advance its projects significantly.