Canada Lithium Corp (TSX:CLQ) announced that it entered into an agreement with underwriters to acquire common shares worth $20M on a bought-deal basis.
As quoted in the press release:
The Company will use the proceeds to fund initial stages of several previously announced capital projects, including lithium hydroxide and sodium sulphate circuits, preliminary engineering/design of a lithium metal pilot plant, a natural gas pipeline and for working capital and general corporate purposes.
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