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The latest update is out from Evergreen Lithium Ltd. ( (AU:EG1) ).
EverGreen Lithium has issued a total of 25,666,145 fully paid ordinary shares as part of share sales agreements with Trumpeter Resources Pty Ltd and Golden Manifesto Pty Ltd. This move, compliant with the Corporations Act, indicates EverGreen’s strategic efforts to strengthen its financial position and support its ongoing exploration activities. The issuance of shares without disclosure underlines the company’s adherence to regulatory requirements and its proactive approach in managing its capital structure, potentially enhancing its market positioning and stakeholder confidence.
More about Evergreen Lithium Ltd.
EverGreen Lithium (ASX:EG1) is an exploration company focused on lithium spodumene projects in Australia. The company owns 100% of three projects: Bynoe, Kenny, and Fortune, located in regions known for lithium pegmatite occurrences in the Northern Territory and Western Australia. Their flagship project, Bynoe, is adjacent to Core Lithium’s Finniss Project. EverGreen aims to achieve exploration success and identify a world-class discovery, emphasizing ESG principles to contribute to a clean and green future.
Average Trading Volume: 862,709
Technical Sentiment Signal: Sell
See more data about EG1 stock on TipRanks’ Stock Analysis page.