Lincoln Minerals Limited (AU:LML) has released an update.
Lincoln Minerals Limited has successfully completed a capital raise of $2.5 million, comprising a Share Purchase Plan and a supplementary Top-Up Placement, which saw an additional $1 million in commitments from sophisticated and professional investors. The funds will be directed towards advancing the Kookaburra Graphite Project, undertaking product tests, and fostering strategic partnerships for the company’s diverse Eyre Peninsula projects. Major shareholder and Non-Executive Director Julian Babarczy’s participation in the placement underscores confidence in Lincoln’s strategic direction.
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