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Prospect raises $10M for Zim lithium venture

ZIMBABWE-focused lithium hopeful Prospect Resources is raising A$10 million from undisclosed investors for its various ventures in Africa, with the company still awaiting finalisation of another deal involving a $10 million equity investment by a Chinese firm keen to build Prospect’s Arcadia project and buy offtake.

Michael Quinn
Prospect raises $10M for Zim lithium venture

Prospect is hoping to conclude the deal(s) with Sinomine by early next month before “Chinese New (Year) Celebrations begin”. The deals, which were first announced more than two-and-a-half months ago,...

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