Shares of Tambourah Metals fall as much as 23.5% to A$0.260, posting their record intraday percentage drop.
The critical metals explorer has received firm commitments to raise A$2.5 million before costs via placement, at a 30.9% discount to the last close.
Funds raised will be predominantly applied to drilling and assessment of the company’s Pilbara lithium projects.
Tambourah Metals' stock is up 223.8% year-to-date.
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