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An announcement from Kali Metals Limited ( (AU:KM1) ) is now available.
Kali Metals Limited has raised approximately A$7 million via a share placement, issuing 39 million new shares at A$0.18 each to institutional and sophisticated investors, including a modest participation by directors subject to shareholder approval. The funds will primarily support Phase II drilling at the Marble Bar Gold Project, following encouraging shallow, high-grade initial results, and will also advance exploration at the Higginsville Lithium Project and across Kali’s broader critical minerals portfolio, reinforcing its growth ambitions in both gold and lithium exploration in key Australian mining regions.
More about Kali Metals Limited
Kali Metals Limited (ASX: KM1) is an Australian exploration company with a 4,029km² portfolio of tenure prospective for gold, lithium and other critical minerals across Western Australia’s Pilbara and Eastern Yilgarn regions, as well as the Southern Lachlan Fold Belt in New South Wales and Victoria. The company is focused on discovering and developing commercial gold, lithium and tin resources and adding new strategic assets to generate shareholder value.
Average Trading Volume: 162,261
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$29.47M
For an in-depth examination of KM1 stock, go to TipRanks’ Overview page.