Metalsgrove Reassesses After Disappointing Lithium Results

Metalsgrove Mining Ltd. (AU:MGA) has released an update.

Metalsgrove Mining Ltd. reported disappointing exploration results from their Zimbabwe lithium projects, with only one promising sample out of 104 showing significant lithium grades. Following a lackluster response from the lithium market, the company is considering a strategic review of these assets. Meanwhile, they have strengthened their cash reserves with a successful $2.1 million capital raise and restructured the board to navigate the future more effectively.

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