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Venari Minerals Exceeds Fundraising Target to Boost Lithium Exploration

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Venari Minerals Exceeds Fundraising Target to Boost Lithium Exploration

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The latest announcement is out from Astro Resources NL ( (AU:ASE) ).

Venari Minerals NL successfully completed its Share Purchase Plan, raising $1.08 million, more than double its initial target. The funds will accelerate exploration at the Red Mountain Lithium Project, with a maiden Mineral Resource Estimate expected by the end of 2025. The company’s ASX code will change from ‘ASE’ to ‘VMS’ on 14 October 2025.

More about Astro Resources NL

Venari Minerals NL, formerly known as Astute Metals NL, operates in the mining industry with a focus on exploration and development of mineral resources. The company is currently engaged in lithium exploration activities, particularly at its Red Mountain Lithium Project in Nevada.

Average Trading Volume: 2,060,885

Technical Sentiment Signal: Sell

Current Market Cap: A$18.71M

Find detailed analytics on ASE stock on TipRanks’ Stock Analysis page.

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