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Morella Raises A$2.1M to Unlock Rubidium-Lithium Potential at Mt Edon
10:12am on Monday 23rd of February, 2026 AEDT
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Mining
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Morella Raises A$2.1M to Unlock Rubidium-Lithium Potential at Mt Edon
10:12am on Monday 23rd of February, 2026 AEDT
Key Points
A$2.1 million placement at A$0.04 per share with free-attaching options
Drilling commenced at Mt Edon targeting rubidium and lithium mineralisation
Placement supported by major shareholders including Interra Resources and company directors
Funds allocated to exploration at Mt Edon, Mallina, Tabba Tabba, and corporate costs
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