Arizona Lithium Issues 88 Million New Securities

The latest announcement is out from Arizona Lithium Limited ( (AU:AZL) ).

Arizona Lithium Limited announced the issuance of 88 million ordinary fully paid securities as replacement collateral shares to Acuity Capital Investments Pty Ltd under an At-The-Market Subscription Deed, effective January 17, 2025. This move may enhance the company’s financial flexibility and support its strategic initiatives in the lithium market.

More about Arizona Lithium Limited

Arizona Lithium Limited is a company operating in the lithium industry, with a focus on the exploration and development of lithium resources. The company is involved in producing lithium, a key component for batteries used in electric vehicles and renewable energy storage systems.

YTD Price Performance: 30.0%

Average Trading Volume: 3,644,485

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$53.69M

For an in-depth examination of AZL stock, go to TipRanks’ Stock Analysis page.