Arizona Lithium Limited (AU:AZL) has released an update.
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Arizona Lithium Limited has completed construction on Pad #3 at its Prairie Lithium Project and is poised to start drilling in the coming weeks, moving closer to its production target of 6,000 tonnes per annum of Lithium Carbonate Equivalent across three pads. The company has strategically bolstered its financial position with an A$11 million non-dilutive capital raise from a land sale and is planning future expansions to eventually reach 24,000 tonnes per annum. This advancement marks a significant step in the company’s scale-up plans, offering promising potential to shareholders.
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