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E3 Metals Receives C$5.6M from Warrant Exercise

Dow Jones Newswires ·  Nov 3, 2021 21:20

By Adriano Marchese

E3 Metals Corp. said Wednesday that it has received around 5.6 million Canadian dollars, or roughly US$4.5 million, from exercised warrants.

The company said 3.5 million warrants were exercised in October, with around 3.2 million exercised in the past week in connection with a private placement.

E3 Metals said it has over C$17 million in cash and 56.9 million shares outstanding.

The company said it intends to use the funds to accelerate its development plans in 2022.

Write to Adriano Marchese at adriano.marchese@wsj.com

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