Morella Secures AU$2.1 million to Advance Mt Edon Rubidium–Lithium Drilling
Morella Corporation Limited (ASX: 1MC) has secured firm commitments to raise AU$2.1 million through a placement to institutional and sophisticated investors, strengthening funding as drilling commences at the Mt Edon Rubidium–Lithium Project.
Approximately 52.5 million new shares will be issued at AU$0.04 per share, with investors receiving one free-attaching unlisted option per share, exercisable at AU$0.06 and expiring three years from issue. The capital raising was supported by existing shareholders, including major shareholder Interra Resources Limited, alongside Company directors.
The placement will proceed in two tranches, with the first tranche settling on 26 February 2026 under existing placement capacity, and the second tranche subject to shareholder approval. Proceeds will fund continued drilling and resource definition at Mt Edon, ongoing exploration at Mallina and Tabba Tabba, and general working capital requirements.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Morella Secures AU$2.1 million to Advance Mt Edon Rubidium–Lithium Drilling
Morella Corporation Limited (ASX: 1MC) has secured firm commitments to raise AU$2.1 million through a placement to institutional and sophisticated investors, strengthening funding as drilling commences at the Mt Edon Rubidium–Lithium Project.
Approximately 52.5 million new shares will be issued at AU$0.04 per share, with investors receiving one free-attaching unlisted option per share, exercisable at AU$0.06 and expiring three years from issue. The capital raising was supported by existing shareholders, including major shareholder Interra Resources Limited, alongside Company directors.
The placement will proceed in two tranches, with the first tranche settling on 26 February 2026 under existing placement capacity, and the second tranche subject to shareholder approval. Proceeds will fund continued drilling and resource definition at Mt Edon, ongoing exploration at Mallina and Tabba Tabba, and general working capital requirements.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au