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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 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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