Coolabah Metals Ltd. (AU:CBH) has released an update.
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Coolabah Metals Ltd. has actively pursued its strategic focus on battery minerals, notably through the Mundi Mundi Project’s exploration license grant for non-metallic minerals, and is bolstering its financial position with a capital raise of over $2.5 million. The company reported a healthy cash position of $2.53 million after the December quarter, with a detailed report on fund allocation compared to its prospectus, highlighting under-budget exploration due to factors such as timing and site access issues.
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