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Firebird Metals Ltd. ( (AU:FRB) ) has issued an update.
Firebird Metals Ltd. has successfully raised A$6 million through a placement supported by leading institutions and existing shareholders. The funds will be used to accelerate the company’s high-purity manganese sulphate and LMFP strategy, including the establishment of a research and development lab in Western Australia and the advancement of operations in China. This move positions Firebird to capitalize on the growing demand in the global LMFP market, which is expected to exceed US$20 billion annually by 2030. The company’s unique position as the only Western producer of LMFP through a patented co-synthesis process underscores its strategic advantage in the industry.
More about Firebird Metals Ltd.
Firebird Metals Limited is an Australian-owned company focused on the production of high-purity manganese sulphate and manganese-rich cathodes. The company is involved in the development of an integrated ore-to-cathode platform and proprietary co-synthesis technology, with operations in both Australia and China.
Average Trading Volume: 450,980
Technical Sentiment Signal: Buy
For detailed information about FRB stock, go to TipRanks’ Stock Analysis page.