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Morella Corporation ( (AU:1MC) ) has provided an update.
Morella Corporation Limited has restructured its joint venture with Lithium Corporation, resulting in 100% ownership of the Fish Lake Valley South and North Big Smoky lithium projects in Nevada. This move allows Morella to streamline its operations, reduce costs, and focus on advancing these promising projects with greater strategic clarity. The agreement also maintains a cooperative relationship with Lithium Corporation through mutual Rights of First Refusal and Net Smelter Royalty arrangements, ensuring both parties remain aligned for future value creation.
More about Morella Corporation
Morella Corporation Limited operates in the mining industry, focusing on lithium exploration and development. The company is engaged in projects primarily located in Nevada, USA, with a market focus on high-potential lithium assets.
Average Trading Volume: 248,384
Technical Sentiment Signal: Sell
Current Market Cap: A$5.53M
For detailed information about 1MC stock, go to TipRanks’ Stock Analysis page.