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Future Battery Minerals Sells Nevada Lithium Stake for A$4M

Future Battery Minerals Sells Nevada Lithium Stake for A$4M

Auroch Minerals Ltd. (AU:FBM) has released an update.

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Future Battery Minerals Ltd has sold its 80% stake in the Nevada Lithium Project to Austroid Corporation for A$4 million. The sale allows the company to focus on its key lithium assets in Western Australia, boosting its cash reserves to A$8.7 million and enhancing its capacity for future exploration and development. This strategic move positions Future Battery Minerals to capitalize on high-grade lithium opportunities in the W.A. Goldfields region.

For further insights into AU:FBM stock, check out TipRanks’ Stock Analysis page.

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