Patagonia Lithium Limited (AU:PL3) has released an update.
Patagonia Lithium Ltd is set to boost its exploration activities in Brazil and advance its projects in Argentina with a capital raising of $2.15 million at a premium. The funds will be raised through a convertible note issue and a non-renounceable entitlement offer to shareholders. This strategic financial move aims to support the company’s Brazilian niobium and gallium exploration and to update the Mineral Resource Estimate in Argentina.
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