Azure Minerals Ltd (ASX:AZS, OTC:AZRMF) MD Tony Rovira speaks with Proactive after announcing the company has received firm commitments to raise $120 million as it looks to accelerate exploration and resource drilling at the high-grade Andover Lithium Project in Western Australia’s West Pilbara region. In addition to the placement, Azure is seeking to raise $10 million in a share placement plan to existing shareholders, who can apply for up to $30,000 worth of new ordinary shares $2.40 per share — the same price as the new shares to be issued under the placement. Rovira says the company is in a strong position to accelerate exploration and resource drilling at the globally significant Andover discovery, as it moves toward a maiden lithium mineral resource targeted in Q1 2024.
Azure Minerals says Andover one of best lithium exploration plays globally
