Nemaska Lithium has completed its second round of financing and raised C$700,000 ($690,000) from 1.75m ordinary shares.
Company spokesman, Bosko Djurovic told IM that the company intends the funds to be used for operating expenses and then for the building of a new mine that will become operational in 2013.
To help with the start up costs “there may also be additional financing mid-year,” Djurovic added.
Of the issue 312,500 common Shares were issued to a subsidiary of Chengdu Tianqi Industry...