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Lightning Minerals Ltd. ( (AU:L1M) ) has issued an announcement.
Lightning Minerals Ltd. has completed a capital raising of A$2.0 million to fund exploration activities and the proposed acquisition of Lotus Minerals, which will provide exposure to brownfields gold and copper projects in Australia. The company plans near-term drilling at the Mt Turner Gold Project in Queensland, demonstrating significant gold potential. Additionally, Lightning Minerals is advancing its lithium projects in Brazil, with ongoing exploration and target generation across its assets in the Lithium Valley region. The company aims to be prepared for drilling when the lithium market sentiment improves, maintaining its strategic presence in the sector.
More about Lightning Minerals Ltd.
Lightning Minerals Ltd. is a company operating in the mining industry, focusing on the exploration and development of mineral projects. Their primary products include gold, copper, and lithium, with a market focus on regions such as Queensland, New South Wales, and Brazil.
Average Trading Volume: 280,430
Technical Sentiment Signal: Sell
Learn more about L1M stock on TipRanks’ Stock Analysis page.