SGU Inc. Raises C$3.19M and Launches North Star Manganese PEA
SGU closed a non-brokered private placement raising $3.19 million via 6.39 million units at C$0.50 each, paying C$99,175 in fees and issuing 255,950 warrants exercisable at C$0.75 until May 11, 2028. The company launched a PEA for HPMSM and EMM processing facilities at its North Star Manganese Project.
1. Private Placement Closing
SGU closed a non-brokered private placement, issuing 6,387,426 units at C$0.50 each to raise C$3,193,713. The company paid C$99,175 in finder’s fees and issued 255,950 warrants exercisable at C$0.75 until May 11, 2028, with all securities subject to a four-month hold ending September 12, 2026.
2. North Star Manganese PEA Launch
SGU initiated a Preliminary Economic Assessment for its North Star Manganese Project’s downstream HPMSM and EMM processing facilities. Hargrove Engineers & Constructors will lead the study to evaluate capital requirements, operating metrics and scalability for a domestic U.S. manganese supply chain.