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Arizona Lithium Raises $11M, Clears Pad #3, Faces Legal Setback at Big Sandy
5:51pm on Sunday 1st of June, 2025 AEST
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Mining
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Arizona Lithium Raises $11M, Clears Pad #3, Faces Legal Setback at Big Sandy
5:51pm on Sunday 1st of June, 2025 AEST
Key Points
$11 million raised via non-core acreage sale to Homestead Energy
Pad #3 cleared, targeting 2,000 tonnes per annum lithium carbonate equivalent
Exploration drilling completed at Pads #2 and #3 with promising formations targeted
Preliminary injunction halts Big Sandy project exploration pending legal resolution
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