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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.