middle.news

Mandrake Resources Advances Utah Lithium Project with 3.3Mt Resource and US$1M DOE Grant

7:03pm on Monday 2nd of June, 2025 AEST Mining
Read Story

Mandrake Resources Advances Utah Lithium Project with 3.3Mt Resource and US$1M DOE Grant

7:03pm on Monday 2nd of June, 2025 AEST
Key Points
  • Maiden Inferred Resource estimate of 3.3Mt Lithium Carbonate Equivalent at Utah Lithium Project
  • Awarded US$1 million funding grant from the US Department of Energy
  • Plans to re-enter existing wells to produce large brine volumes for pilot plants
  • Strong cash position of A$13.5 million with no debt
Read Story
middle.

Tap to Read

Tap the card to read the full analysis
about Mandrake Resources (ASX:MAN)
OPEN ARTICLE