The company said funds raised will be used toward general working capital.
The company issued 3.35mln units at a price of 6.5 cents per unit.
Each unit comprises one common share and one-half of one non-transferable share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share of the company for a period of up to 12 months at a price of C$0.10.
All securities issued under the private placement are subject to a four-month-and-one-day hold period expiring on Dec. 2, 2018.
The company currently holds six properties in Canada, with three principal assets: the Hidden Lake Lithium Property, NWT, the Corvette Lithium Property, QC, and the Golden Frac Sand Property, BC.
Shares of 92 Resources were flat at C$0.06 on Friday.