Patagonia Lithium Limited (AU:PL3) has released an update.
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Patagonia Lithium Ltd has successfully raised $1.85 million through a strategic placement of 18.5 million new shares to Hiru Corporation, priced at a 25% premium. The funds will be used to advance their lithium exploration projects in Argentina, including completing a lithium brine drill program and updating a mineral resource estimate. This move positions Patagonia Lithium to strengthen its presence in the lucrative lithium market as demand continues to rise.
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