Lithium Plus placement attracts Beament's attention
Exploration company Lithium Plus Minerals has received firm commitments to raise A$8-million in a placement, which has attracted participation from energy transition metals group Develop Global and its MD Bill Beament.
The placement, at a discounted price of A$0.40 a share, is also strongly supported by existing strategic cornerstone investor Suzhou CATH Energy Technologies and existing sophisticated and institutional investors.
Thanking Beament and Develop for their participation, executive chairperson Bin Guo said that Beament was highly regarded in the sector as a leading industry figure.
The proceeds of the placement will ensure Lithium Plus is well funded to execute exploration activities across the Bynoe project area, in the Northern Territory.
“Our immediate focus will be to further delineate the size and scope of the significant opportunity presented across the multiple outcropping pegmatites within the Kings Landing Area. We have been well supported in this placement, with the additional funding providing a strong runway for the drill out of Perseverance, Jewellers and Jenny’s pegmatites,” said Guo.
Lithium Plus will deliver a maiden resource estimate at the Lei prospect in the fourth quarter.
The placement will result in the issue of 20-million new shares and the company having about 132.3-million on issue.
Comments
Research Reports
Latest Multimedia
Latest News
Showroom
Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points
VISIT SHOWROOM
Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
