(MENAFN- News Direct) Ion Energy CEO Ali Haji joined Steve Darling from Proactive to announce the completion of a million-dollar financing round. The funds will enable the company to carry out important work on its Mongolian projects.
Haji explained to Proactive that this capital infusion will allow Ion Energy to complete the first-ever maiden resource estimate for brine in Mongolia, specifically at the Urgakh Naran site. The company is excited about this milestone as it aligns with the growing interest in critical metals in Mongolia from both governments and strategic investors. Ion Energy's vision is being realized as they progress in their exploration efforts.
Furthermore, this financing also sets the stage for the commencement of exploration activities at the newly acquired Bliss Lake Lithium Project in the Northwest Territories. Through satellite imaging, numerous pegmatite occurrences have been identified on Bliss Lake, with the largest interpreted to have a strike length exceeding 300 meters.
Ion Energy is actively working towards unlocking the potential of its projects, leveraging its expertise and resources in the pursuit of valuable lithium and critical metals. With the completion of the financing, the company is well-positioned to advance its exploration and resource estimation efforts, contributing to the growth of the company and the development of Mongolia's critical metals sector.
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