Best month for financings since September
June was the best month for capital raised in the sector since September 2019 as the recovery in stock prices in the sector allowed hard-pressed battery materials developers to raise some much-needed exploration and development funding. We tracked 15 capital raisings above US$1m for the month of June, the highest number of monthly raisings since June 2019. However average funds raised were still depressed at US$8.6m per company with only Mincor Resources’ (ASX:MCR) A$50m placing and Sigma Lithium Resources’ (TSXV:SGMA) US$45m project finance facility in double figures. While June is an improvement, cumulative funds raised in the battery raw materials...