RB Energy financing scuppered by unreceptive market

By Laura Syrett
Published: Friday, 03 October 2014

The company admitted last month that it was facing financial hardship and was planning to sell its Chilean iodine project. Today RB Energy has said it may need to shut down its lithium project in Canada if it cannot secure the funding necessary to keep it afloat.

Vancouver-headquartered RB Energy Inc. said Friday that its latest effort to raise funds for the development of its Quebec Lithium project has not been completed owing to what it described as “difficult market conditions”.

The company issued a statement on 15 September stating that it was “in a...

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