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Jindalee Resources Limited ( (AU:JLL) ) has issued an announcement.
Jindalee Lithium Limited has repurchased convertible securities held by Mercer Street Global Opportunity Fund II, simplifying and strengthening its balance sheet. This move follows an oversubscribed $8M capital raising, which was partly supported by Mercer, enabling Jindalee to complete a Pre-Feasibility Study for the McDermitt Lithium Project, a significant lithium source for the U.S.
More about Jindalee Resources Limited
Jindalee Lithium Limited is an Australian company focused on developing the McDermitt Lithium Project, one of the largest lithium resources in the U.S. The company holds 100% ownership and unencumbered offtake rights, positioning itself strategically to support America’s energy security and domestic supply of critical minerals. Jindalee recently completed a Pre-Feasibility Study confirming McDermitt’s scale, long-life, and low-cost production potential, with strong engagement from U.S. government agencies.
Average Trading Volume: 276,169
Technical Sentiment Signal: Hold
Current Market Cap: A$50.68M
Learn more about JLL stock on TipRanks’ Stock Analysis page.