tiprankstipranks
Adelong Gold Advances Brazilian Lithium Exploration
Company Announcements

Adelong Gold Advances Brazilian Lithium Exploration

3D Resources Limited (AU:ADG) has released an update.

Maximize Your Portfolio with Data Driven Insights:

  • Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
  • Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

Adelong Gold Limited has kicked off Phase 2 exploration in its Brazilian Lithium Projects, where significant lithium pegmatites were identified across 10 new exploration permits in Paraíba State. As the company explores funding options for its Adelong Gold Project, it has also engaged an agent to sell non-core property to finance its Brazilian and domestic projects, with capital raising efforts recently bolstering its cash position by $1.46m. Key corporate changes include the appointment of Mena Habib as Chairman to drive the Lithium and Rare Earths projects, and the retirement of Ian Hastings to a Non-Executive Director role.

For further insights into AU:ADG stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App