Metal Hawk secures $3.5m for lithium exploration at Yarmany Project

Metal Hawk Limited (ASX:$MHK) has secured firm commitments to raise $3.5 million through a placement to institutional, strategic, and sophisticated investors at $0.18 per share. The placement, strongly supported by experienced resources investors, will enable Metal Hawk to expand lithium exploration and drilling programs at its highly prospective Yarmany Project in late 2023 and into 2024.

Metal Hawk's Managing Director's Comments on Placement

We are very pleased with the strong level of support from new and existing shareholders. We are leading into a very exciting period of exploration activity at Yarmany and the Metal Hawk team is keen to advance drilling at F Camp and other prospects.

Summary of Metal Hawk's $3.5m Placement for Yarmany Project

Metal Hawk Limited (ASX:MHK) has successfully secured $3.5 million through a placement to advance lithium exploration at the Yarmany Project. The placement, strongly supported by a range of experienced resources investors, including many existing shareholders, both in Australia and overseas, will enable the company to expand lithium exploration and drilling programs at its highly prospective Yarmany Project in late 2023 and into 2024. The funds will be used to fund lithium and nickel sulphide exploration activities at the Yarmany Project in Western Australia. Metal Hawk's Managing Director, Will Belbin, expressed his satisfaction with the level of support and excitement for the upcoming exploration activities. The company aims to prioritize drilling and continued generation of new targets through the project with the application of the placement funds.