Galileo Mining Ltd. (AU:GAL) has released an update.
Galileo Mining Ltd has forged a lucrative partnership with Mineral Resources Limited, selling a 30% stake in their lithium rights at the Norseman Project for an initial $7.5 million, with provisions for further investment. This deal not only bolsters Galileo’s cash reserves by $5 million upfront and an additional $2.5 million within a year but also positions the company to aggressively pursue other resource opportunities while benefiting from Mineral Resources’ lithium exploration expertise.
For further insights into AU:GAL stock, check out TipRanks’ Stock Analysis page.