Arizona Lithium Limited (ASX:AZL) Raises $1.3 Million Through ATM
Fundraising Details
Arizona Lithium Limited (ASX: AZL) has successfully raised $1.3 million through its At-the-Market Subscription Agreement with Acuity Capital. The agreement involves issuing 88,000,000 fully paid ordinary shares at an issue price of 1.48 cents per share. This price reflects a premium over the last traded price of 1.2 cents on 17 January 2025.
Project Development Focus
The funds raised will primarily support the detailed engineering design of the first production facility at Pad #1 of the Prairie Lithium Brine Project, located in Saskatchewan, Canada. This development is crucial for advancing Arizona Lithium’s operational capabilities and ensuring the sustainable growth of its projects in North America.
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