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SensOre Ltd ( (AU:PLC) ) has shared an update.
Premier1 Lithium Limited has announced a renounceable pro rata entitlement offer to raise approximately $1.84 million through the issuance of new shares and quoted options. The funds will be used for heritage surveys, drilling at the Yalgoo and Abbotts North Projects, and general working capital. The offer is partially underwritten by Mahe Capital Pty Ltd, and eligible shareholders in Australia, New Zealand, and Germany can participate. This move aims to strengthen the company’s financial position and support its ongoing exploration activities.
More about SensOre Ltd
Premier1 Lithium Limited operates in the lithium industry, focusing on exploration and development projects. The company is primarily engaged in activities related to lithium mining and exploration, with a market focus on expanding its resource base through projects like the Yalgoo and Abbotts North Projects.
Technical Sentiment Signal: Sell
Current Market Cap: A$5.89M
For detailed information about PLC stock, go to TipRanks’ Stock Analysis page.