Venari Advances Red Mountain Drilling and By-Product Plans After $6 Million Raise
Closing price · 2026-10-27: $0.110 · +0.00%
Venari Minerals has started infill drilling at its Red Mountain lithium project, aiming to upgrade confidence in the high-grade northern resource ahead of a scoping study planned for early 2027, and is assessing potential strontium and magnesium by-products that require further testing and evaluation. The company also completed a capital raising of approximately $6 million and sold its Georgina Basin asset for under $1 million to focus on Red Mountain and reduce holding costs.