Patagonia Lithium (ASX:PL3) has successfully raised $1.343 million by issuing 14.9 million new shares at $0.09 each. The placement was strategically directed to Dr. José L Manzano, a notable figure in Argentinian mining. Funds will advance lithium exploration in Argentina.
Patagonia Lithium has raised $1.343 million for lithium exploration by issuing new shares at a 10% discount. The funds will support ongoing activities in Argentina, including completing a lithium brine drilling program and updating the Mineral Resource Estimate. Dr. José L Manzano's investment and the forthcoming board appointment of Pablo Tarantini highlight the importance of local expertise. The company is actively engaged in key lithium-rich regions with promising results from surface sampling and drilling. Patagonia Lithium's strategic moves aim to expand its resource base and enhance shareholder value.
The strategic placement to Dr. José L Manzano marks a significant milestone for Patagonia Lithium. His appointment of Pablo Tarantini to our board enhances our local expertise in Argentina, aligning perfectly with our exploration goals.