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Morella Corporation Advances Drilling and Consolidation Efforts
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Morella Corporation Advances Drilling and Consolidation Efforts

Morella Corporation (AU:1MC) has released an update.

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Morella Corporation has successfully raised $1.7 million through a rights issue and completed a significant 25 to 1 share consolidation. During the September 2024 quarter, the company launched a drilling program at Mt Edon, Western Australia, identifying promising pegmatite targets potentially rich in lithium. These developments highlight Morella’s strategic focus on expanding its exploration projects and enhancing shareholder value.

For further insights into AU:1MC stock, check out TipRanks’ Stock Analysis page.

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