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Latin Resources lithium strategy attracts investment from Asian fund

The company has a strategy to strategy develop projects with partners.

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Latin Resources shares have gained 11% in morning trade to $0.01

Latin Resources Ltd (ASX:LRS) has pocketed $1 million through a placement at $0.008 to a strategic Asian resources fund.

The funds will be allocated to exploration work on the lithium targets identified in Argentina, to maintain the Peruvian mineral properties in good standing and for working capital.

READ: Latin Resources receives approvals paving way for lithium drilling

Latin Resources is also continuing preliminary discussions with a number of parties to enter into a potential joint venture and offtake arrangement.

Quick facts: Latin Resources Ltd

Price: 0.008 AUD

ASX:LRS
Market: ASX
Market Cap: $1.25 m
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