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Day: February 14, 2024

Foremost Lithium Announces Flow-Through and Non-Flow-Through Private Placements

Written by Customer Service on . Posted in Public Companies.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) — Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a North American hard-rock lithium exploration company, is pleased to announce each of a proposed and “best efforts” non-brokered private placement to raise gross proceeds of up to $3,750,000 on a flow-through basis (the “Flow-Through Private Placement”) together with up to $1,500,000 on a non-flow-through basis (the “Private Placement”; and, collectively, with the Flow-Through Private Placement, the “Private Placements”). The Flow-Through Private Placement will be comprised of flow-through units (each, a “FT Unit”) of the Company, at a proposed subscription...

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mdf commerce reports Third Quarter of Fiscal 2024 Financial Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Q3 FY2024 revenues of $30.2 million compared to $31.7 million in Q3 FY2023, a decrease of $1.5 million or 4.6%Q3 year-over-year revenue decrease of $0.2 million or 0.6% when excluding InterTrade5 revenues and post-closing transition services revenues from Q3 FY2023 Revenues from eprocurement solutions increased by 4.5% to $20.7 million for Q3 FY2024Adjusted EBITDA1 of $2.5 million for Q3 FY2024, a significant improvement of $1.6 million compared to $0.9 million in Q3 FY2023 Net loss and Adjusted net loss2 of $4.2 million for Q3 FY2024 compared to net earnings of $15.1 million which included a $22.9 million gain on the disposal of InterTrade5. Significant improvement of $3.6 million in Adjusted net loss2 compared to $7.8 million for Q3 FY2023. Net cash generated by operating activities of $6.4 million for Q3 FY2024, used to reduce...

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