CAPITAL RAISE
Lithium and gold-focused Prospect Resources has inked a conditional placement and framework agreement with Hong Kong based Sinomine Resources Exploration to fully fund the construction of the Arcadia lithium project, in Zimbabwe.
Prospect on Friday reported that Sinomine would invest A$10-million through a share placement, priced at 5c a share, and has also agreed to an offtake agreement at the Arcadia mine for some 390 000 t of spodumene concentrate and more than one-million tonnes of petalite concentrate over a proposed seven-year offtake period.
This content is only available to subscribers.
Forgot your password? Click here
Don't have any login details?
Free Trial Access
