Resouro Strategic Metals completes first tranche of upsized private placement, raises $1.86 million

• Resouro Strategic Metals completed a first tranche of an upsized non-brokered private placement targeting gross proceeds of $2.5 million.
• Issued 7,440,000 common shares at $0.25 each, raising $1.86 million in the first closing.
• Upsized from 8,000,000 shares for $2 million to 10,000,000 shares for $2.5 million due to investor demand.
• Net proceeds earmarked for environmental work supporting the Tiros project’s preliminary feasibility study, with the balance for working capital.
• Paid a $4,500 cash finder’s fee; remaining issuance expected shortly, pending TSX Venture Exchange acceptance.

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