tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Patagonia Lithium Announces $2.68 Million Entitlement Offer

Story Highlights
Patagonia Lithium Announces $2.68 Million Entitlement Offer

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Patagonia Lithium Limited ( (AU:PL3) ) has shared an update.

Patagonia Lithium Ltd has announced a fully underwritten entitlement offer to raise approximately $2.68 million. The funds will be used to continue drilling in Argentina, update mineral resource estimates, and support general working capital. The offer is backed by substantial shareholders and is non-renounceable, meaning entitlements cannot be traded or transferred.

More about Patagonia Lithium Limited

Patagonia Lithium Ltd is a company operating in the lithium industry, focusing on the exploration and development of lithium resources. The company is engaged in drilling programs to enhance the prospectivity of its projects, particularly in Argentina, aiming to expand its mineral resource estimates.

Average Trading Volume: 77,823

Technical Sentiment Signal: Sell

Current Market Cap: A$4.54M

For a thorough assessment of PL3 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1