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Kali Metals Limited ( (AU:KM1) ) just unveiled an update.
Kali Metals Limited has successfully raised A$1.2 million through a placement of 8,660,000 new shares at A$0.14 each, a 20% discount to the last closing price. The funds will be used to advance exploration programs at the Marble Bar Gold Project and Higginsville Project, as well as for general working capital, enhancing the company’s exploration capabilities and potentially increasing shareholder value.
More about Kali Metals Limited
Kali Metals Limited (ASX: KM1) is an exploration company with a portfolio covering 4,029 km2 of exploration tenure in Western Australia and the Southern Lachlan Fold Belt. The company focuses on gold, lithium, and critical minerals, aiming to explore and develop commercial resources and identify new strategic assets.
Average Trading Volume: 151,090
Technical Sentiment Signal: Buy
See more insights into KM1 stock on TipRanks’ Stock Analysis page.