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Prospect Resources Ltd. ( (AU:PSC) ) has issued an update.
Prospect Resources Limited has successfully completed a strategic investment, raising A$15.2 million through the issuance of over 101 million new ordinary shares at A$0.15 each. This investment, backed by First Quantum Minerals Ltd, is expected to enhance the company’s financial position and support its strategic initiatives. The shares are subject to an 18-month voluntary escrow, and the company has complied with all relevant regulatory requirements, ensuring transparency and adherence to the Corporations Act 2001.
More about Prospect Resources Ltd.
Prospect Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the production and supply of lithium, a critical component in battery technology, targeting the growing demand in the renewable energy and electric vehicle markets.
YTD Price Performance: 66.67%
Average Trading Volume: 827,686
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$85.9M
See more data about PSC stock on TipRanks’ Stock Analysis page.
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