Patagonia Lithium Boosts Capital for Exploration

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

Patagonia Lithium Ltd has successfully completed a capital raising initiative through an entitlement offer, resulting in the issuance of 427,631 new shares and 213,818 attaching options, and an additional public shortfall offer of 3,171 new shares and 1,586 options. The company raised approximately $38,700 before expenses, which will fund drilling programs in Argentina, a new Mineral Resource estimate, Brazilian exploration, and general corporate expenses. The overall positive progress of their lithium brine projects in Argentina’s lithium triangle is highlighted by promising drilling results and geophysical surveys.

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