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Lithium Australia sees 'incredible support' for its $4 million fundraise

Lithium Australia NL's (ASX:LIT) Adrian Griffin tells Proactive's Andrew Scott they had incredible support for its $4 million placement and they're intending to raise up to a further $2 million in a share purchase plan (SPP). Funds from the capital raising will be used to accelerate revenue growth for the company's Envirostream Australia Pty Ltd battery recycling and Soluna Australia Pty Ltd renewable energy storage system subsidiaries.

Quick facts: Lithium Australia NL

Price: 0.055 AUD

ASX:LIT
Market: ASX
Market Cap: $43.24 m
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Lithium Australia's Adrian Griffin details government research grants and...

Lithium Australia's (ASX:LIT) Adrian Griffin tells Proactive London's Andrew Scott the outbreak of coronavirus so far has had very little impact on the business and its operations in China. Griffin also updates on recent developments including a grant they've been awarded by the Australian...

on 19/3/20

2 min read