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Cape Lithium Corp. Faces Financial Breach Challenge
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Cape Lithium Corp. Faces Financial Breach Challenge

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Moonbound Mining Ltd. (TSE:CLI) has released an update.

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Cape Lithium Corp. is addressing a significant breach in its agreement with SPH Kundalila after its subsidiary, Norrabees Lithium, missed a $2.5 million payment. The company is actively working with financiers to secure funding and resolve the issue to maintain strong partnerships and shareholder trust.

For further insights into TSE:CLI stock, check out TipRanks’ Stock Analysis page.

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