Morella Corporation (AU:1MC) has released an update.
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Morella Corporation has successfully raised $1.7 million through a rights issue and completed a significant 25 to 1 share consolidation. During the September 2024 quarter, the company launched a drilling program at Mt Edon, Western Australia, identifying promising pegmatite targets potentially rich in lithium. These developments highlight Morella’s strategic focus on expanding its exploration projects and enhancing shareholder value.
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