The Capital raise likely to be split into a $25.6 million placement, and a $4.3 million top up placement. The top up placement will be taken up by Global Lithium’s spodumene offtake partner Suzhou TA&A Ultra Clean Technology Co. Suzhou has a 10 year offtake agreement with Global Lithium to take up 30 per cent of the spodumene concentrate, and aims to keep its shareholding at 9.9 per cent after the raise.
GL1 – Global Lithium Resources
Be the first to comment