Tesoro Minerals and Rock Tech Lithium secure additional mining financing

Tesoro Minerals has increased its private placement target from 750,000 to 1 million Canadian dollars following strong investor demand. The funds are intended for exploration activities at its Rumichaca and Cerro Macho projects in Peru, which cover a combined 3,400 hectares in a significant gold and copper geological belt.

Separately, Rock Tech Lithium has expanded its ongoing private placement to a total of 6 million Canadian dollars. A strategic investor has committed 3.25 million CAD specifically to develop a lithium hydroxide converter in Guben, Germany. The company also plans to use the capital to advance its Georgia Lake lithium project and Red Rock converter in North America. Additionally, Derek Sobel will return to the role of Chief Financial Officer.