Sinomine Resource to raise no more than RMB3 billion for high-purity lithium salt project

Sinomine Resource announced on May 23 that it plans to raise no more than RMB3 billion(USD449.4 million) by private placement with the net proceeds to be used for Jiangxi Chunpeng Lithium's 35ktpy high-purity lithium salt project, Zimbabwe-based Bikita lithium ore's 2 million t/a construction project and 1.2 million t/a reconstruction and extension project, as well as to supplement working capital.
.Asian Metal Copyright4 million by private placement with the net proceeds to be used for Jiangxi Chunpeng Lithium's 35ktpy high-purity lithium salt project, Zimbabwe-based Bikita lithium ore's 2 million ta construction project and 1Asian Metal Copyright