viewLithium Australia NL

Full interview: Lithium Australia secures $6.3 million through funding agreement with The Lind Partners

Lithium Australia NL (ASX:LIT) managing director Adrian Griffin updates Proactive on a $6.4 million funding agreement with The Lind Partners, long-time supporters of the company's diversified battery strategy.

Lind has agreed to invest in the company through a convertible security and share purchase funding agreement with an initial investment of $3 million to fund battery sales and battery recycling growth.

Proceeds will be used alongside Lithium Australia’s current cash to fund the growth of the Soluna Australia battery business, commercialisation of the company’s cathode business and growth of its battery recycling business.

Quick facts: Lithium Australia NL

Price: 0.13 AUD

Market: ASX
Market Cap: $116.63 m

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Lithium Australia's Envirostream boosting capacity for its battery recycling

Andrew Mackenzie, managing director of Lithium Australia NL (ASX:LIT) (OTCMKTS:LMMFF) (FRA:3MW) subsidiary Envirostream, discusses with Proactive's Andrew Scott the national stewardship scheme for managing end of life batteries and the potential impact it will have on the business as well as...

4 days, 23 hours ago

2 min read