Core Lithium Ltd (AU:CXO) has released an update.
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Core Lithium Ltd faces significant challenges due to plummeting spodumene prices, leading to the halt of operations at its Finniss site. Despite this, the company maintains a strong cash position and is preparing for future opportunities with a skilled management team and strategic exploration efforts. Core remains optimistic about the long-term growth potential of the lithium industry, focusing on operational excellence and stakeholder collaboration.
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