Bald Hill fully funded - Tawana

Lithium developer Tawana Resources on Friday told shareholders that the company was fully funded to start production in the first quarter of 2018 from its Bald Hill project, in Western Australia, after securing A$25-million in funding. The funding package comprises a A$20-million share placement to Germany’s Weier Antriebe und Energietechnik, which is a subsidiary of lithium specialist Jiangte Special Electric Motor, as well as a A$5-million loan.