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Perpetual Resources Secures $500K to Launch Lithium Drilling in Brazil

4:57am on Monday 2nd of June, 2025 AEST Mining
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Perpetual Resources Secures $500K to Launch Lithium Drilling in Brazil

4:57am on Monday 2nd of June, 2025 AEST
Key Points
  • Raised $500,000 via placement to professional and sophisticated investors
  • Placement shares issued at $0.013, a 13.3% discount to last close
  • Strong demand led to allocation scale-backs, signaling investor confidence
  • Maiden lithium drilling program at Igrejinha scheduled to start early June 2025
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