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Morella Corporation ( (AU:1MC) ) just unveiled an announcement.
Morella Corporation has made significant progress in its Australian projects, securing necessary approvals for future drilling at Mt Edon and initiating a research collaboration with Edith Cowan University to study rubidium extraction. The company also obtained government co-funding for a geophysics survey at the Mallina Project, highlighting its strategic focus on critical minerals beyond traditional battery applications. These developments are expected to enhance Morella’s operational capabilities and strengthen its position in the mineral exploration sector.
More about Morella Corporation
Morella Corporation Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects targeting pegmatite minerals, particularly rubidium and lithium, and is part of a joint venture with Sayona Mining Limited.
YTD Price Performance: -51.72%
Average Trading Volume: 246,408
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$5.16M
For an in-depth examination of 1MC stock, go to TipRanks’ Overview page.