CATL to increase investment in Neo Lithium
2021-02-22 09:34:37 [Print]
BEIJING (Asian Metal) 22 Feb 21 - Canadian-based Neo Lithium Corp. recently announced that Contemporary Amperex Technology Co., Limited ("CATL") has provided notice to the Company of its intention to subscribe, through a subsidiary and pursuant to its Investor Rights Agreement, on a non-brokered private placement basis, for 860,870 common shares of the Company at a price of C$3.05 per share for aggregate gross proceeds to the Company of C$2,625,652, to maintain its 8% equity interest in the Company.
The Company intends to use the net proceeds from the Sidecar Placement to fund development work at the 3Q Lithium Project located in Catamarca, Argentina and for working capital and general corporate purposes.
The Company intends to use the net proceeds from the Sidecar Placement to fund development work at the 3Q Lithium Project located in Catamarca, Argentina and for working capital and general corporate purposes.
Lithium Hydroxide Monohydrate LiOH 56.5%min, Magnets 0.0001%max Delivered China
Unit:RMB/mt
China lithium hydroxide monohydrate producers; sales to production ratio statistics by province by month
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