Libra Energy Raises CA$725,000 Via Private Placement of CMETC Shares

01:22 PM EDT, 09/29/2026 (MT Newswires) -- Libra Energy Materials (LIBR.CN) closed its strategic private placement of Critical Mineral Exploration Tax Credit (CMETC) flow-through common shares for CA$725,000, it said in a statement on Tuesday. The offering was led by Quebec-based institutional investors SIDEX limited partnership and NQ Mining Investment, it said. The offering consisted of the issuance of 5-million CMETC shares at CA$0.145 per CMETC share. "With the closing of this strategic financing led by SIDEX and NQ Mining Investment, and last week's offering, Libra is now fully funded to deliver our next catalysts at Cisco West and Obamska," said Libra Chief Executive Officer Koby Kushner. Proceeds will be used to incur "Canadian exploration expenses" that qualify as "flow-through mining expenditures" on its Quebec projects, it said. Shares of the company were last seen down 4.8% at CA$0.10 on the Canadian Securities Exchange. Price: 0.10, Change: -0.01, Percent Change: -9.52