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Lincoln Minerals Limited ( (AU:LML) ) has issued an update.
Lincoln Minerals Limited has successfully completed a placement to raise A$231,550 for its Minbrie Copper-Zinc Project, issuing shares at a premium and providing options to investors. The funds, along with an expected R&D tax rebate, will support exploration activities, including defining drill targets and relogging existing drill cores, potentially leading to a major discovery. The company is also implementing cost reduction measures, reducing monthly cash burn and aligning management interests with shareholders by compensating executives partially in shares. Lincoln remains focused on advancing its strategic projects and improving its capital position to enhance shareholder value.
More about Lincoln Minerals Limited
Lincoln Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include copper and zinc, with a significant market focus on advancing its Minbrie Copper-Zinc Project in South Australia.
Technical Sentiment Signal: Buy
Current Market Cap: A$8.23M
For detailed information about LML stock, go to TipRanks’ Stock Analysis page.