Jindalee Raises $2.75M from Dynamic Metals Sale to Boost McDermitt Project

Jindalee Resources Limited ( (AU:JLL) ) has provided an announcement.

Jindalee Lithium Limited has raised $2.75 million from the sale of its shareholding in Dynamic Metals, a former subsidiary that held its Australian exploration assets. This sale aligns with Jindalee’s strategy to focus on its McDermitt Project in the U.S., a significant lithium deposit, and will accelerate project development by funding key activities such as engagement with potential partners and U.S. government agencies. The move positions Jindalee advantageously in the lithium market, particularly as the U.S. seeks to secure domestic supplies of critical minerals.

More about Jindalee Resources Limited

Jindalee Lithium is an Australian company focused on developing the McDermitt Lithium Project, one of the largest lithium resources in the U.S. With 100% ownership and unencumbered offtake rights, Jindalee is strategically positioned to support America’s energy security and domestic supply of critical minerals.

YTD Price Performance: -11.36%

Average Trading Volume: 44,871

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$14.35M

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