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Morella Corporation Limited has secured A$2.1 million through a placement of 52.5 million shares at A$0.04 each. The funds will advance drilling at the Mt Edon Rubidium-Lithium Project and support exploration at other projects.

Drilling has commenced and will involve 3,000 metres of Reverse Circulation drilling. Results are expected over the next three weeks, with tranche settlements in February and April 2026.