PepinNini Minerals Limited (AU:PNN) has released an update.
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PepinNini Minerals Limited has successfully raised $2.4 million through an oversubscribed share placement to fund exploration of its South American projects, particularly the Lĺtio Project in Brazil, which is highly prospective for niobium, rare earths, and lithium. The funds will support an extensive sampling program and further exploration, leveraging the project’s promising location adjacent to the high-grade niobium and tantalum Equador Project. The company has received strong investor support, including a personal investment from Managing Director Mena Habib, pending shareholder approval.
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