Si6 Metals (ASX: SI6) has raised $1.5 million through a placement to sophisticated and professional investors, issuing 375 million shares at $0.004 each with a 1:1 attaching option exercisable at $0.02 and expiring 30 June 2027. PAC Partners and Peak Asset Management acted as joint lead managers and will receive 6% of the total raised. Proceeds are earmarked for exploration across the company's recently acquired 50% interest in the Brazilian REE and lithium portfolio, along with programs in Botswana and Western Australia, a strategic review of that portfolio, and general working capital. Read the full article for the exploration schedule the raise is funding, including stage one Brazil sampling results and the auger drilling planned from late April through June.

Si6 retains PAC Partners, Peak Asset Management for placementSi6 Metals (ASX:SI6) has topped up its coffers with $1.5 million by issuing 375 million shares at $0.004 per share to sophisticated and professional investors.   PAC Partners and Peak Asset Management were retained as joint lead managers to the placement and will receive 6% of the total capital raised.  The $8.81 million market capitalisation company […]https://mining.com.au/si6-retains-pac-partners-peak-asset-management-for-placement/