Lepidico Limited (AU:LPD) has released an update.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Lepidico Ltd successfully completed its renounceable rights issue, raising $2.85 million to fund strategic partnerships, due diligence for Phase 1 Project financing, and to explore new business development opportunities. Company directors and management demonstrated their confidence in Lepidico’s future by participating in the entitlement and shortfall. The newly raised capital, combined with existing reserves, sets Lepidico on track for its first commercial lithium production in 2026.
For further insights into AU:LPD stock, check out TipRanks’ Stock Analysis page.
