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Arizona Lithium Limited ( (AU:AZL) ) just unveiled an update.
Arizona Lithium Limited has successfully closed its oversubscribed Share Purchase Plan, raising $4,251,000, significantly exceeding its initial $2 million target. The funds will be used to advance the Prairie Lithium Project, including the construction of a commercial-scale Direct Lithium Extraction facility, with the company positioning itself strategically in the growing lithium market.
The most recent analyst rating on (AU:AZL) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on Arizona Lithium Limited stock, see the AU:AZL Stock Forecast page.
More about Arizona Lithium Limited
Arizona Lithium Limited operates in the lithium industry, focusing on the development and production of lithium resources. The company is primarily engaged in the extraction and processing of lithium, with a significant emphasis on advancing its Prairie Lithium Project.
Average Trading Volume: 16,282,350
Technical Sentiment Signal: Sell
Current Market Cap: A$45.62M
See more insights into AZL stock on TipRanks’ Stock Analysis page.