https://www.miningweekly.com
Exploration|Flow|PROJECT|Flow
Exploration|Flow|PROJECT|Flow
exploration|flow-company|project|flow-industry-term

Arizona Lithium raises A$16.5m for Canadian project

18th December 2023

By: Chanel de Bruyn

Creamer Media Senior Deputy Editor Online

     

Font size: - +

ASX-listed Arizona Lithium has raised A$16.5-million in an oversubscribed flow through financing placement, with the funds to be used for exploration at its Prairie project, in Saskatchewan, Canada.

The proceeds from the placement will strengthen Arizona Lithium's balance sheet, enabling it to intensify its efforts on the Prairie project. The focus will be on exploration activities in the Dawson Bay and Souris River formations, with an aim to transition smoothly into production in the first half of 2025.

"We are excited to continue delivering positive updates to shareholders, including the release of the prefeasibility study at the Prairie project, which we believe will add significant value to the company. We look forward to an exciting 2024, with funding in place to drill exploration wells, complete existing wells and move towards production in the first half of 2025," MD Paul Lloyd comments.

 

Edited by Creamer Media Reporter

Comments

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

On-The-Air (17/05/2024)
On-The-Air (17/05/2024)
17th May 2024 By: Martin Creamer
Magazine round up | 10 May 2024
Magazine round up | 17 May 2024
17th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.178 0.215s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: