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Where Will Arizona Lithium Allocate the Funds Raised from the Placement? — ASX:AZL| ASX Mining News & Discussion
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Lykeshares Official
$AZL Where Will Arizona Lithium Allocate the Funds Raised from the Placement?
Arizona Lithium Secures $16.5 Million in Oversubscribed Placement for Prairie Lithium Project

Arizona Lithium Limited, a prominent player in North America’s lithium development sector, has successfully raised A$16.5 million (C$14.8 million) through a placement. This capital influx, garnered from institutional and sophisticated investors, was achieved at a price of A$0.051 per share, marking a 30% premium over the closing price on December 13, 2023.

Strategic Use of Proceeds for Canadian Exploration

The raised funds, secured via a Flow Through Financing Placement, are earmarked for qualified Canadian Exploration Expenses (CEE). This strategic financing move aligns with the company’s focus on advancing its Prairie Lithium Project.

Funding Allocation and Project Timeline

The capital will facilitate drilling activities in 2024 at various locations within the Dawson Bay and Souris River Formations of the Prairie Project. Arizona Lithium intends to utilize existing funds to complete these wells in 2024, with the objective of commencing production in the first quarter ...
Where Will Arizona Lithium Allocate the Funds Raised from the Placement?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?