Adelong Gold secured firm commitments to raise $1.1 million through a share placement, issuing 275 million shares to professional and sophisticated investors, including directors and management.

Existing shareholders can contribute an additional $500,000 through a share purchase plan.

The funds will advance the Adelong Gold and Brazilian Lithium projects, covering project progression, placement costs, and general working capital.

The move aligns with the company's strategic focus on expanding its exploration in Brazil's 'Lithium Valley' and developing gold resources in New South Wales.