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Moonbound Mining Ltd. ( (TSE:CLI) ) has issued an update.
Cape Lithium Corp. has issued an update on its Norrabees Lithium Project, clarifying previous disclosures about the project’s lithium mineralised stockpiles and CAPEX values. The company has retracted certain information that was not supported by a compliant NI 43-101 technical report and is preparing a new report expected in early 2025. Additionally, Cape Lithium is addressing a breach of agreement with partners and is exploring a potential sale of the project as a remedy.
More about Moonbound Mining Ltd.
Cape Lithium Corp., formerly known as Moonbound Mining Ltd., operates in the mining industry with a focus on lithium projects. The company is engaged in the development of the Norrabees Lithium Project located in Northern Cape, South Africa.
YTD Price Performance: -83.33%
Average Trading Volume: 306,332
Technical Sentiment Consensus Rating: Buy
See more data about CLI stock on TipRanks’ Stock Analysis page.