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Morella Corporation ( (AU:1MC) ) has shared an update.
Morella Corporation Limited has successfully completed its Unmarketable Parcel Sale Facility, initially announced in May 2024, aimed at assisting shareholders with small holdings to sell their shares cost-effectively. The facility resulted in the sale of approximately 11.8 million shares, representing 7% of the company’s issued capital, thereby significantly reducing administrative costs associated with managing numerous small shareholdings.
More about Morella Corporation
Morella Corporation Limited (ASX:1MC) is an exploration and resource development company focused on advancing a diversified portfolio of critical and specialty minerals. With strategic assets located in Tier 1 jurisdictions across Australia and the United States, Morella is actively progressing projects in lithium, rubidium, and other high-value mineral systems. The Company is committed to unlocking the potential of emerging mineral markets to support technological innovation, industrial development, and long-term supply chain resilience.
Average Trading Volume: 222,507
Technical Sentiment Signal: Sell
Current Market Cap: A$6.63M
For an in-depth examination of 1MC stock, go to TipRanks’ Overview page.