CAPITAL MARKETS

Strong market backing for Global Geoscience's lithium ambitions

A SCINTILLATING market run that's seen Global Geoscience's shares rise from less than 1c to as high as 52.5c over the past two years has been further confirmed with a A$53 million underwritten institutional placement unveiled that'll provide the funds to complete various work programs and feasibility studies at its Rhyolite Ridge lithium-boron project in Nevada.

 Rhyolite Ridge, Nevada.

Rhyolite Ridge, Nevada.

The fundraising will issue new shares at 41c each and is underwritten by Citigroup, with Global Geoscience's cash balance to increase to $85 million. The company raised $30 million last September when...

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