NextSource Raises C$25M; ALUULA Secures C$14.1M in LIFE Offerings
NextSource Materials completed a brokered private placement under a Listed Issuer Financing Exemption, raising C$24.999 million by issuing 58,823,500 units at C$0.425 each to fund its UAE battery anode facility. ALUULA Composites finished an upsized brokered LIFE offering, raising C$14.10 million by issuing 4,273,475 units at C$3.30.
1. NextSource Materials Closes C$25M Brokered Offering
NextSource Materials completed its brokered private placement under the Listed Issuer Financing Exemption, raising gross proceeds of C$24,999,987 by issuing 58,823,500 units at C$0.425 per unit. Funds are earmarked to advance the construction and operation of its UAE battery anode production facility.
2. ALUULA Composites Completes C$14.1M LIFE Offering
ALUULA Composites upsized and closed a brokered private placement under the same Listed Issuer Financing Exemption, raising C$14,102,467.50 by issuing 4,273,475 units at C$3.30 each, including the full exercise of the agent’s overallotment option. Proceeds will support composite materials research and production scaling.