Metalsgrove Mining Ltd. (AU:MGA) has released an update.
Metalsgrove Mining Ltd. has embarked on exploration activities at their newly acquired Arcturas and Beatrice Lithium Projects in Zimbabwe, with completed surface mappings and soil samplings, the results of which are yet to be announced. The company has strengthened its cash position, raising $2.1 million through a non-renounceable entitlement offer and has seen significant changes in its board, with the appointment of Lijun Yang as Managing Director and CEO. These strategic moves reflect Metalsgrove’s expansion from Australia to Africa, aiming to tap into the high potential of Zimbabwe’s lithium resources.
For further insights into AU:MGA stock, check out TipRanks’ Stock Analysis page.
