Rhyolite Resources Ltd. announced that it has completed a private placement of 4,000,000 common Shares at a price of CAD 0.05 per Common Share for gross proceeds of CAD 200,000 on December 21, 2023. The transaction included participation returning investor, Tyrus Capital Event Master Fund Limited, a fund managed by Tyrus Capital S.A.M for 3.73%. The investor has hold 17.66% stake in the company.