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How Will Patagonia Lithium’s A$2.9M Placement Accelerate Formentera’s Future?
9:48am on Wednesday 4th of February, 2026 AEDT
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Mining
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How Will Patagonia Lithium’s A$2.9M Placement Accelerate Formentera’s Future?
9:48am on Wednesday 4th of February, 2026 AEDT
Key Points
Raised A$2.9 million via placement of 29 million shares at A$0.10 each
Issued unquoted options exercisable at A$0.16, expiring December 2027
Funds earmarked for drilling, resource upgrades, and feasibility studies at Formentera
Placement managed by Cygnet Capital with fees and options subject to shareholder approval
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Patagonia Lithium (ASX:PL3)
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