CAPITAL MARKETS

Citigroup backs Global Geoscience lithium play

CITIGROUP is backing Global Geoscience in a A$30 million underwritten placement raising funds for the ASX-listed company’s Rhyolite Ridge lithium-boron project in Nevada.

Michael Quinn
Citigroup backs Global Geoscience lithium play

The raising will price new shares at 20c each, with the funds earmarked for feasibility work over the next two years. Rhyolite Ridge is promoted as one of the largest lithium and boron deposits in North...

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