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Best month for financings since September

Posted on - 09 Jul 2020

Category - Finance/M&A

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...

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Battery Materials Capital Finance Lithium Nickel REE