Arena Minerals Inc. (TSXV:AN) will look for acquisitions. The company reported that it has received warrant exercise forms for the exercise of 36,838,546 previously issued warrants for total proceeds of $7,367,708. The completion of the warrant exercise and issuance of the underlying shares is subject to warrant holder regulatory approval, which is expected to occur in early Fourth Quarter 2022.

The proceeds of this warrant exercise will be used for the development of the Company's lithium assets in Argentina, for potential acquisitions and for general corporate purposes.