"The funds raised will be directed towards advancing beneficiation and metallurgical test work for the Company's 100% owned Battery Hub project, continuing work on the Company’s other assets including Morrissey Hill, assessment of new assets in the 'next generation' battery metals sector and to augment working capital."
CR announcement on 22 May gives the clues. Exert above with the bold emphasis by me. CR was obviously a mates placement which frustrates the hell out of me that these kind of activities are tolerated by ASX. In November QNL (now HGM) ended the day 100% higher after an Eddie King special so here's hoping something similar with PM1.
PM1 Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
