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Patagonia Lithium Raises A$3.4 Million to Accelerate Formentera Drilling and Studies

9:54am on Thursday 11th of June, 2026 AEST Mining
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Patagonia Lithium Raises A$3.4 Million to Accelerate Formentera Drilling and Studies

9:54am on Thursday 11th of June, 2026 AEST
Key Points
  • A$3.4 million raised via 34 million shares at 10 cents each
  • 17 million attaching options exercisable at 16 cents expire March 2028
  • Funds allocated for drilling, resource estimate upgrade, scoping study, and demonstration plant planning
  • Additional A$8 million placement pending shareholder approval
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