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How Jindalee’s McDermitt Project Is Poised to Transform US Lithium Supply

9:03pm on Friday 23rd of January, 2026 AEDT Mining
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How Jindalee’s McDermitt Project Is Poised to Transform US Lithium Supply

9:03pm on Friday 23rd of January, 2026 AEDT
Key Points
  • US Bureau of Land Management approves McDermitt Exploration Plan of Operations
  • 2025 drilling yields strong lithium and magnesium intercepts from shallow depths
  • SPAC transaction exclusivity extended with marketing underway to US investors
  • Capital raising includes $8M placement and $1.5M oversubscribed share purchase plan
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