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The latest announcement is out from Oceana Lithium Ltd. ( (AU:OCN) ).
Oceana Lithium Limited has successfully secured commitments to raise $667,000 through a share placement at $0.023 per share, representing a significant discount to recent trading prices. The funds will be used to advance the company’s existing projects in Brazil and Australia, support working capital, and explore new project opportunities. The placement attracted strong interest from both existing and new investors, including high net worth individuals and family offices, highlighting confidence in Oceana’s strategic direction. Westar Capital acted as the lead manager for the placement, and the company plans to issue options to consultants and brokers, pending shareholder approval.
More about Oceana Lithium Ltd.
Oceana Lithium Limited operates in the mining industry, focusing on lithium exploration and development. The company has projects in Brazil and Australia, including the Solonópole Project in Ceará, the Napperby Project in the Northern Territory, and the Bangemall Project in Western Australia.
Average Trading Volume: 71,001
Technical Sentiment Signal: Hold
Learn more about OCN stock on TipRanks’ Stock Analysis page.