A$150m raised to accelerate New South Wales cobalt/nickel project

ASX-listed Clean TeQ has raised A$150-million in an underwritten institutional placement at A$1.15 a share to fund early works and long-lead items for the Sunrise nikel/cobalt/scandium project, in New South Wales. The company is pursuing an expedited development timetable to take advantage of rapidly growing markets for these materials, with production expected to start about a year earlier than previously contemplated.