Olympio Metals raised $1.1 million through a flow-through shares placement at 17 cents per share.

This 88% premium over the closing share price on March 4 and a 100% premium to the secondary sale price enhances the company's financial position while minimising shareholder dilution.

The funds will accelerate exploration at the Cadillac Lithium Project in Quebec following the completion of Olympio's first diamond drilling program.