Lincoln Minerals (ASX:LML) share price closed up 20% today on the back of an amended quarterly activities report for the period ending December 31 last year.
Lincoln Minerals says during the transformational quarter, it made substantial progress in corporate activities, culminating in the reinstatement of its shares being traded on the ASX.
It says progress also included holding its 2021 and 2022 AGM with all resolutions put to shareholders being approved, and the successful capital raise via Rights Issue of $4.6M before costs.
Lincoln Minerals says the funds will be used to progress Kookaburra Gully to an advanced mining feasibility study, expand exploration across all the company's leases, repay a $1.6M loan, and recommence graphite exploration.