Canada Lithium Closes $15 Million Public Offering Amid Tough Market

Mining Weekly announced that in spite of the tough market, Canada Lithium was able to close a $15M public offering, issuing 20.55-million units at 73c each.

As quoted in the market news:

Canada Lithium said it intended to use the net proceeds of the offering to fund the initial stages of several capital projects, to conduct preliminary bench-scale pilot plant work and preliminary engineering in the context of a feasibility study for its lithium metal pilot plant and for working capital purposes during the commissioning stages of the Québec lithium project.

Click here to read the full Mining Weekly report.